WyckoffMode
Long

LTCUSD Has Potential to Go Up From Here; Use Stop Loss!

KRAKEN:LTCUSD   Litecoin / U.S. Dollar
Do NOT take this trade without using a stop loss... PERIOD... This is simply the TRADER merging with the ANALYST to take a "MANAGED" Risk. How is it managed? By placing a stop loss a tad higher than the previous low on the previous Daily Candle in anticipation of a HIGHER LOW on the next pullback. It's POSSIBLE it could really take off from here. This is our way of avoiding missing out if it were to take off from here to the upside. If it ends up dropping down low enough to trigger your stop loss, at least your stop loss was TIGHT and less than 2 Percent. You should also have an alarm set for the stop loss price and be prepared to get in on a POTENTIAL dip if we were to fall to a LOWER low instead of a higher low on the Daily TF.

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