📈 Long Trade Setup – ChainLink (LINK/USDT) – 15M
A new long entry was initiated at $15.23, following a strong intraday uptrend:
EMA & HTF Alignment: Fast and slow EMAs are both stacked positively, with higher-timeframe EMAs confirming momentum.
Momentum Indicators: RSI and MACD are both bullish, supporting the entry with strong upward pressure.
Volume Check: Although volume confirmation is off, price structure and trend strength justified the setup.
Risk Management: Stop Loss placed at $15.02, with a Take Profit target at $15.79, offering a favorable R:R.
Context: Entry occurred after a small consolidation following an impulse move, signaling possible trend continuation.
This trade leverages high confluence and disciplined risk to aim for upside continuation.
A new long entry was initiated at $15.23, following a strong intraday uptrend:
EMA & HTF Alignment: Fast and slow EMAs are both stacked positively, with higher-timeframe EMAs confirming momentum.
Momentum Indicators: RSI and MACD are both bullish, supporting the entry with strong upward pressure.
Volume Check: Although volume confirmation is off, price structure and trend strength justified the setup.
Risk Management: Stop Loss placed at $15.02, with a Take Profit target at $15.79, offering a favorable R:R.
Context: Entry occurred after a small consolidation following an impulse move, signaling possible trend continuation.
This trade leverages high confluence and disciplined risk to aim for upside continuation.
Trade closed: target reached
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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.
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.