Simon_Hvizd

Potential Triangle Breakout - Long LTCBTC

Long
Simon_Hvizd Updated   
BINANCE:LTCBTC   Litecoin / Bitcoin
The same idea. Check others.

I do trade all of the pairs I have posted. It is a TOP 10, there should not be a problem with liquidity. I will update later.

Entry: Put a Stop Buy on the high created on 18th of July (.009946|+P)
SL: HL (.00889|-P)
TP: *

Setup invalidation:
  • LL will be created

*I do prefer trailing SL. It can be done in many different ways, in this setup, I simply follow the rules of a trend following, therefore my SL is always at higher low and I close a position whenever there is a new lower high created.

SystemFollower

You can read more about me as well as about abbreviations/acronyms (*) used in this description at the link below.
Comment:
Today's candle should confirm a new lower high. The size of your position should increase with lowering risk.
Entry: 0.009817
SL: 0.00889

Trade active:
Stop Buy order hit (bought at the highest point in the day). I am in the trade.

Trade closed: stop reached:

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