LTC Short Position Short

Litecoin / BitcoinBitfinex

Description

⋅ Apr 2, 2019 7:15 AM

- Rising Wedge pattern w / falling volume broken down.
- 3 hour significant cross of ma's (change in trend)
- Fisher trend of several months broken
- good risk reward potential

Short LTC around 0.0144 or higher with a stoploss above 0.015 (or whatever fits your strategy)

Here is a supporting chart on 3 hr

Comment

⋅ Apr 3, 2019 12:49 AM

Closed short at .01372, stopped out in other. Time to re-evaluate on why it pumped and why the trade did not play out correctly.