CharlieTrout

LTC / BNB Long Position

Long
BINANCE:LTCBNB   Litecoin / Binance Coin
LTC / BNB is at all time lows, we have to bounce here or it goes into free fall. There is no historical support any lower on 1W, 1D or any timeframe. The 1H and 4H candles indicate the start of a bounce. If we close below the previous low then there is no known support level remaining - there may be some violent wicks downards.
Trade active: Update S/L moved to 2.701, seems to be a support level on the 1H. Could take profit here at 5%, but letting this play out and guaranteeing not to lose money.