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CryptoIQ
Feb 14, 2019 4:45 PM

$LTC short idea: neckline support flipping resistance Short

Description

High time frame first - 3D is getting smacked back down from the consolidation that lead to the last leg of the sell off in 2018. Looks ready to close as a swing high (retrace looks likely).

Low time frame on Bitmex - clear support level/neckline is our entry, there is an OB above that which should offer a bit more resistance before our stop loss is hit. That same OB was responsible for sending price down below resistance. Targeting current local low.

Comment

Stop loss hit. Trade closed.
Comments
cankarako
Fu.cking manipulation took my stop-loss never using it again. 1 minute candle goes up and down %8 in less than 1 minute what do you call that?! Never will I use a stop in this market again
cankarako
I'm targeting around 0.010 and 0.0097. I wouldn't target anywhere higher than 0.0108.
cankarako
You can aim lower for higher profit. If that is a H&S and this was a retest of that, It is going much lower.
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