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Paraman666
Feb 24, 2020 3:10 PM

LTC - intraday, risky setup Long

Litecoin / BitcoinBinance

Description

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.
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