Chainlink Trade (High Risk)

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

Comment:

We got a big entry on this one , not closing any time soon