UPDATE 1 - Closed 50% at $2.80. Base now $3.10
UPDATE 2 - Closed remaining at @2.72. The trade is closed.
UPDATE 3 - Trade went $3.00 -> avg. $2.76 = 8.7%
I exited due to potential double bottom on BTC and btc-e creating new larger flag on LTC.
Welcome to my own 100 trade journey. Posting these so that I can look back in the future.
(Small note: I suck at drawing charts atm still getting used to all the drawing tools.)
Entry @ $3.00
Target @ $2.50 ish
Stop @ $3.20
I'm not entirely comfortable entering this trade at $3.00, obviously somewhere around $3.10 would be great.
Breaking out with volume to the topside would exit the trade and I would consider going long depending on BTC conditions.
Reasons
UPDATE 2 - Closed remaining at @2.72. The trade is closed.
UPDATE 3 - Trade went $3.00 -> avg. $2.76 = 8.7%
I exited due to potential double bottom on BTC and btc-e creating new larger flag on LTC.
Welcome to my own 100 trade journey. Posting these so that I can look back in the future.
(Small note: I suck at drawing charts atm still getting used to all the drawing tools.)
Entry @ $3.00
Target @ $2.50 ish
Stop @ $3.20
I'm not entirely comfortable entering this trade at $3.00, obviously somewhere around $3.10 would be great.
Breaking out with volume to the topside would exit the trade and I would consider going long depending on BTC conditions.
Reasons
- Litecoin is garbage, even the MM knows this.
- Shorting the larger down-trend.
- Expecting at least some pullback.
- Flag getting tighter.