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
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
Nota
We got a big entry on this one , not closing any time soon
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.