Instrument : ChainLink/USDT
Entry: 14.222 (65% Fib retrace of the last down‑swing)
Stop Loss: 14.4754 (≈2 × ATR above entry; just above the recent swing high)
Take Profit: 13.7152 (≈4 × ATR below entry / next structural support)
Rationale:
Trend Structure: Price has formed lower highs and lower lows across both the 1 h and higher time‑frame, signaling a sustained downtrend.
EMA Confirmation: Fast EMA < Slow EMA, both sloping downward on 1 h and confirmed on the HTF EMA, validating bearish momentum.
Oscillators OK: RSI and MACD both favor sellers, while volume remains muted on any retrace.
ATR‑Based Levels: SL set at 2 × ATR to allow for normal volatility; TP at 4 × ATR for a ~2 : 1 reward/risk.
Risk/Reward: ~2 : 1 (Risk ~0.253 USDT / Reward ~0.507 USDT)
Entry: 14.222 (65% Fib retrace of the last down‑swing)
Stop Loss: 14.4754 (≈2 × ATR above entry; just above the recent swing high)
Take Profit: 13.7152 (≈4 × ATR below entry / next structural support)
Rationale:
Trend Structure: Price has formed lower highs and lower lows across both the 1 h and higher time‑frame, signaling a sustained downtrend.
EMA Confirmation: Fast EMA < Slow EMA, both sloping downward on 1 h and confirmed on the HTF EMA, validating bearish momentum.
Oscillators OK: RSI and MACD both favor sellers, while volume remains muted on any retrace.
ATR‑Based Levels: SL set at 2 × ATR to allow for normal volatility; TP at 4 × ATR for a ~2 : 1 reward/risk.
Risk/Reward: ~2 : 1 (Risk ~0.253 USDT / Reward ~0.507 USDT)
Trade closed: target reached
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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.