This trade is pretty risky, because BTC dominance should go up, so it doesn´t really make sense to LONG altcoins right now, but this setup looks really good, with good stop loss and risk reward ratio. We hit the lowest point of strong support + we boumce from trendline + it looks like WXYXZ correction + LTC is the most bullish highcap, so yeah, LONG in the end make sense :D
Comment:
Well it seems, that BTC dominance should go down not up, so another reason to long.
Trade closed: stop reached:
Stop loss hit, things are looking pretty bearish on highcaps.
Trade active:
I am back in LONG.