I keep it very short and crisp before releasing us all into the weekend. With market opening of the Litecoin I will open a long position, initially targeting a price area between 68.00 and 70.00. I believe the price will eventually go higher than that but I like to keep my trading compact and use the swing within the moves.
A perfect stop could be placed just below the wave IV. With that in mind; the correction (wave IV) could still be in the making but I rate this to be unlikely at this stage. However, if this is the case the price could drop lower than the last low in the wave IV before pulling back up for new highs. Just for you to keep in mind.
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Thank you and good luck!
I will try another long entry once the correctional A-B-C sequence has been completed. Patience is key!