Instrument : ChainLink/USDT
Entry: 13.939 USDT (65% Fib retrace of the last down‑swing)
Stop Loss: 14.2170 USDT (≈2 × ATR above entry; just above the recent swing high)
Take Profit: 13.3830 USDT (≈4 × ATR below entry / next structural support)
Rationale:
Bearish Structure: A clear sequence of lower highs and lower lows on both the 1 h and the higher timeframe indicates sustained seller control.
EMA Alignment: The fast EMA is below the slow EMA on 1 h, both sloping downward, with the HTF EMA also confirming the downtrend.
Momentum & Volume: RSI and MACD readings favor sellers, and volume supports the contract’s ongoing weakness.
ATR‑Based Levels:
Stop Loss: Placed at ~2 × ATR to accommodate normal volatility.
Take Profit: Set at ~4 × ATR to target a favorable ~2 : 1 reward/risk.
Risk/Reward: ~2 : 1
Risk per Unit: 14.2170 – 13.9390 = 0.2780 USDT
Reward per Unit: 13.9390 – 13.3830 = 0.5560 USDT
Entry: 13.939 USDT (65% Fib retrace of the last down‑swing)
Stop Loss: 14.2170 USDT (≈2 × ATR above entry; just above the recent swing high)
Take Profit: 13.3830 USDT (≈4 × ATR below entry / next structural support)
Rationale:
Bearish Structure: A clear sequence of lower highs and lower lows on both the 1 h and the higher timeframe indicates sustained seller control.
EMA Alignment: The fast EMA is below the slow EMA on 1 h, both sloping downward, with the HTF EMA also confirming the downtrend.
Momentum & Volume: RSI and MACD readings favor sellers, and volume supports the contract’s ongoing weakness.
ATR‑Based Levels:
Stop Loss: Placed at ~2 × ATR to accommodate normal volatility.
Take Profit: Set at ~4 × ATR to target a favorable ~2 : 1 reward/risk.
Risk/Reward: ~2 : 1
Risk per Unit: 14.2170 – 13.9390 = 0.2780 USDT
Reward per Unit: 13.9390 – 13.3830 = 0.5560 USDT
Trade closed: target reached
Both Profit 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.