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Chainlink Trade (High Risk)
Chainlink
Long
Chainlink Trade (High Risk)
By Sporia
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Updated
Nov 23, 2022
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Nov 21, 2022
This is a really high risk trade but I like these springboard patterns they have high hit rate for me.
Every time LINK has dropped under 5.8 it has been bought back up pretty quickly.
The 12hour time frame has caught these divergences pretty well and we just confirmed another one with the last candle.
So what do we have :
1. LINK extreme oversold zone RSI under 40
2. Bullish divergence on 12h
3.Springboard setup
4.Max Fear in the market
I take the trade
Stop loss last swing low 5.6
Nov 23, 2022
Comment
We got a big entry on this one , not closing any time soon
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