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Trade Idea: LINK SHORT

Opened 2025-10-10 22:11:07 · Valid until 2025-10-11 22:11:07 · Closed 2025-10-10 22:30:05 · Triggered 2025-10-10 22:13:02
How this works. Pending means price has not hit entry. Live means entry was hit and the trade is active until TP or SL or expiry. Closed means TP or SL hit, or expired. Times are UTC. Educational use only.
SHORT CLOSED RR 1.75 Conf 75% Scalp hours
Entry 16.50000000
Stop 16.80000000
TP 16.20000000 / 16.00000000 / 15.80000000
Live 17.39000000
ROI -5.39% (vs entry)

Thesis and checks

Current market conditions indicate a strong downward trend for Chainlink (LINK) following a significant 24h change of -24.3657%. The analysis of multiple timeframes supports a short position.

  • On the 5m chart, we observe a bearish engulfing pattern, suggesting a continuation of the downtrend.
  • The 15m RSI is showing overbought conditions, indicating potential for a price reversal.

Trade ideas are educational. Manage risk and position size.