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Trade Idea: LINK SHORT

Opened 2025-10-12 09:35:54 · Valid until 2025-10-13 09:35:54 · Closed 2025-10-12 14:55:03
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 PENDING RR 1.80 Conf 75% Scalp hours
Entry 17.20000000
Stop 17.50000000
TP 16.80000000 / 16.50000000 / 16.20000000
Live 17.31000000
ROI -0.64% (vs entry)

Thesis and checks

The current market conditions for Chainlink (LINK) suggest a short opportunity based on recent price action and technical indicators.

  • The 5m chart shows a bearish engulfing pattern, indicating strong selling pressure.
  • The 15m RSI is above 70, suggesting overbought conditions, which often precedes a price correction.

Trade ideas are educational. Manage risk and position size.