Short Position: Chainlink confirm the break down!!!
Updated
In this analysis, in H8 timeframe Chainlink it's turn bearish toward my target at $8.50 USD. So, we as into this descendent triangle of distributtion and right now, we confirm this drop soon toward the $8.50 USD. Also, another perspective it's that Chainlink could to formed a bearish channel, but, I mark this line to know the exact point of any bearish rejection.
Now, this it's the H4 timeframe and my own analysis confirmed to short Chainlink!!!
And then, this it's the Daily chart and we see a bearish scenario for Chainlink toward the $8.50 USD.
This it's my details:
1. Position: Short
2. Price Entry: $10.80 USD (Sell Order Limit)
3. Stop Loss: $11.90 USD
4. Target Profit: $8.50 USD
Now, this it's the H4 timeframe and my own analysis confirmed to short Chainlink!!!
And then, this it's the Daily chart and we see a bearish scenario for Chainlink toward the $8.50 USD.
This it's my details:
1. Position: Short
2. Price Entry: $10.80 USD (Sell Order Limit)
3. Stop Loss: $11.90 USD
4. Target Profit: $8.50 USD
Trade closed manually
I closed manually Chainlink, if you see in H2 timeframe. we are in the reversal up of the trend.Please closed up manually this position in Chainlink, in minutes I will going to update, we see now reversal of the trend,in that case it's up.
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