With LINKUSD touching the 200EMA on the hourly, this could be a good spot for a push back to previous area of around $7.12 in the short term especially at extreme oversold levels. This isn't a long term BUY as $LINK has to make it past the downtrend line for me to consider a massive move but in the meantime might as well make a little gain. Good opportunity and based on previous movement, place stop loss below the swing low.
Trade active:
Entry: 6.894
Take Profit: 7.121
Stop Loss: 6.70
Take Profit: 7.121
Stop Loss: 6.70
Trade closed: stop reached:
Stopped out and a miss here. Bears are in full effect across all markets ❌