Get started
LINKUSDT Perpetual Contract
Short

Possible LINK short??

By df1234567890
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.
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
Technical IndicatorsLINKUSDTlinkusdtshortOscillatorsSupport and Resistance

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.