I opened a Long just few days ago. Let's see what will happen 🚀. Just remember: Stick to your plan and have a good risk management 👍
And that's the main reasons I decided to take a long on LTC :
► Bounce of the 0.786 fib level
► Potential V Shape recovery pattern (orange drawing)
► Bounce from a massive support zone
► High risk reward ratio
► Money Flow Index coming up, potential switching into green.
► Broke out of this smaller falling wedge
Trading setup:
Entry: $131.51
SL: $118. 40
TP1: $209 (50% of the holding position)
TP2: Let the rest of the position ride to unknown prices 🚀
⚡Just to notice. We ar right now in a very volatile market phase in the crypto. Crazy and unpredictable things could happen. That's why you should use a stopp loss. ⚡
🚩 Be careful opening a trade right now, maybe there will be a better opportunity in the next few days. This TA is a swing one, which could last more days/ weeks.
Disclaimer: DYOR. No financial advice. Just for your impression.
And that's the main reasons I decided to take a long on LTC :
► Bounce of the 0.786 fib level
► Potential V Shape recovery pattern (orange drawing)
► Bounce from a massive support zone
► High risk reward ratio
► Money Flow Index coming up, potential switching into green.
► Broke out of this smaller falling wedge
Trading setup:
Entry: $131.51
SL: $118. 40
TP1: $209 (50% of the holding position)
TP2: Let the rest of the position ride to unknown prices 🚀
⚡Just to notice. We ar right now in a very volatile market phase in the crypto. Crazy and unpredictable things could happen. That's why you should use a stopp loss. ⚡
🚩 Be careful opening a trade right now, maybe there will be a better opportunity in the next few days. This TA is a swing one, which could last more days/ weeks.
Disclaimer: DYOR. No financial advice. Just for your impression.
Trade closed: stop reached