Mastering the ICT's MMSM with Chainlink Shorting
Updated
I'm shorting the 
LINK token due to its current downtrend on the 1-hour timeframe, and following the Inner Circle Trader Market Maker Sell Model after it cleared liquidity and testing the Daily Bearish Orderblock. While there have not been any recent news or events that influenced my decision, I'm using technical analysis to support my position.
There are potential risks associated with shortingLINK, including the possibility that BTC could reverse and cause LINK to change direction. To manage these risks, I am limiting my exposure by only risking 1% of my portfolio and aiming for a reward of 2% from that 1% risk.
It's important to consider potential counterarguments, such as the possibility that BTC could reverse from a bearish to a bullish trend. However, I plan on holding my short position for only a few hours and taking steps to manage my risk by waiting for the price to retrace to 7.5 and targeting the previous low.
While shortingLINK is one way to take advantage of a bearish market trend, there are alternative strategies that could be considered. However, based on my analysis and risk management plan, I believe that shorting LINK is the best approach for me at this time.
LINK token due to its current downtrend on the 1-hour timeframe, and following the Inner Circle Trader Market Maker Sell Model after it cleared liquidity and testing the Daily Bearish Orderblock. While there have not been any recent news or events that influenced my decision, I'm using technical analysis to support my position.There are potential risks associated with shorting
LINK, including the possibility that BTC could reverse and cause LINK to change direction. To manage these risks, I am limiting my exposure by only risking 1% of my portfolio and aiming for a reward of 2% from that 1% risk.It's important to consider potential counterarguments, such as the possibility that BTC could reverse from a bearish to a bullish trend. However, I plan on holding my short position for only a few hours and taking steps to manage my risk by waiting for the price to retrace to 7.5 and targeting the previous low.
While shorting
LINK is one way to take advantage of a bearish market trend, there are alternative strategies that could be considered. However, based on my analysis and risk management plan, I believe that shorting LINK is the best approach for me at this time.Trade closed: target reached
Target reached 
I'm happy to help you improve your trading.
Telegram: @MrTuanDoan
Telegram: @MrTuanDoan
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.