The “KYRREX” project is again with you. January is coming to an end, and we all remember the times when the cryptocurrency market was in motion and created new trading opportunities.
But we always try to find good trades and share their logic with you.
Today we offer to pay attention to the crypto cross LTCBTC . At the chart we observe that on January 28 a pin-bar was formed above the , which in itself is a powerful signal to action. On January 29, another pattern was formed - an inside-bar on increased volumes, which tells about the so-called “spring effect”. These two patterns, complementing each other, give us the opportunity to suggest an upward movement.
We offer the following flight plan:
1. Open a trade with a BUY Stop order at the price of 0.00913
2. After our order is done, we place a SELL Stop order a little below the insider bar at 0.00888
3. Moving to 0.00944, where we are closing the position by the SELL Limit order.
It was the “KYRREX” project, follow us on the air.
Wish you all cold mind and profitable trades!
* All KYRREX publications are intended only for informational and / or marketing purposes and should not be taken as economic, financial, investment advice, recommendations, or trading ideas. KYRREX does not take into account the purposes and situations of any particular trader in analytical publications and KYRREX is not responsible for any loss resulting from investment based on published analytical materials.