It is high probability setup for Chainlink, currently, link is trying to break the previous day high which is at $15.08.
it has to meet following condition for us to get short with link.
1. Current trendline has to be break.
2. important current support has to be break.
3. if first two condition met third condition will automatically met which is trading below today's low.
4. when above all 3 condition met, fourth and the last condition is has to below VWAP on 5mins chart frame!
and then our SL will above today's high around $15.12 and target will be previous day low of the range which is $14.27.
make sure condition are met before entry!
if its break the previous day high from here then we are gonna wait for price action to reveal the story and then we are gonna long and our target will be previous week high of the range.
thank you!
it has to meet following condition for us to get short with link.
1. Current trendline has to be break.
2. important current support has to be break.
3. if first two condition met third condition will automatically met which is trading below today's low.
4. when above all 3 condition met, fourth and the last condition is has to below VWAP on 5mins chart frame!
and then our SL will above today's high around $15.12 and target will be previous day low of the range which is $14.27.
make sure condition are met before entry!
if its break the previous day high from here then we are gonna wait for price action to reveal the story and then we are gonna long and our target will be previous week high of the range.
thank you!