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Trade Idea: LINK SHORT

Opened 2025-10-11 01:15:54 · Valid until 2025-10-12 01:15:54 · Closed 2025-10-11 02:11:01 · Triggered 2025-10-11 01:16:02
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 1.80 Conf 75% Scalp hours
Entry 17.59000000
Stop 18.00000000
TP 17.00000000 / 16.50000000 / 16.00000000
Live 17.31000000
ROI 1.59% (vs entry)

Thesis and checks

Current market conditions indicate a strong bearish trend for Chainlink (LINK) following a significant 24h price drop of over 20%. The analysis across multiple timeframes suggests a continuation of this trend.

  • On the 5m chart, a bearish flag pattern has formed, indicating potential for further downside.
  • The 15m RSI is showing overbought conditions, suggesting a reversal is imminent.

Trade ideas are educational. Manage risk and position size.