Bearish SFP on LTC/BTC daily tf; High R:R trade

Short

Litecoin / Bitcoin (BITFINEX:LTCBTC)

Updated

BITFINEX:LTCBTC Litecoin / Bitcoin

economiccycle pivotpoints supportandresistance litecoin cryptocurrency crypto ltc ltcbtc ltcbtcshort

Taking this trade against the local up-trend. Might be a bad idea, but the riskt to reward is worth it. Proper risk management <> tight Stop Loss

Trade closed manually:

Covering here. Price quite close to TP

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