blacksharks

LINKUSDT 1H CHAINLINK Binance Futures - MACD/RSI Divergence

Long
BINANCE:LINKUSDT   ChainLink / TetherUS
We're seeing a significant and pretty clear divergence in the RSI and MACD on both the 1 hour and 4 hour charts indicating a potential trend reversal to the downside 618 fib.

My trade entries will be shorts at
4.65
4.68
4.70
4.85

@ 25% of my initial risk size.
I recommended trading with 5% of your stack on this particular trade.

Take Profits (TP)

@

4.2
4.4
4.45
4.5

ALWAYS REMEMBER TO USE A STOPLOSS
For this trade I would recommend setting a heavy stop loss at 5.05 and 4.8 where we are seeing some heavy resistance

With the pattern intact we should be seeing the trend reversal within 24-48 hours and given the momentum of the previous movement range, we should be capped at about 4.1.

Thanks for reading.

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