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Trade Idea: LINK SHORT

Opened 2025-10-14 07:05:48 · Valid until 2025-10-15 07:05:48 · Closed 2025-10-14 10:34:01 · Triggered 2025-10-14 07:07:02
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 2.50 Conf 75% Scalp hours
Entry 18.70000000
Stop 19.00000000
TP 18.30000000 / 18.00000000 / 17.70000000
Live 17.31000000
ROI 7.43% (vs entry)

Thesis and checks

The current price of Chainlink (LINK) shows a bearish trend, making a short scalp trade a viable option.

  • 5m Chart: A bearish engulfing pattern has formed, indicating strong selling pressure.
  • 15m Chart: The RSI is above 70, suggesting overbought conditions, which often precede price corrections.

Trade ideas are educational. Manage risk and position size.