Possible LINK short??
Updated
Clearly Link has tested that area of resistance, after failing to break it and stay above it multiple times. RSI is showing a possible reversal, and MACD has also started showing sell conditions. Possibly looking at a retracement to the 200 day SMA before retesting resistance?
Please give me feedback and tell me how I am wrong or if I'm missing something obvious. I'm no expert.
Please give me feedback and tell me how I am wrong or if I'm missing something obvious. I'm no expert.
Trade active
Looking at the 15 min chart:RSI is completely overbought and MACD is slowly converging.
Could close the trade now manually to play it safe (it's only a very quick trade at this point still) , or potentially wait and see what happens. I think the price could go a bit lower today still but I believe for the next few hours, it will consolidate before any further movement.
Please give me some feedback if you have any.
Trade closed: target reached
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