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TheSignalyst
May 8, 2021 11:24 AM

LITECOIN - Purple War Zone! Long

Litecoin / United States DollarCoinbase

Description

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Litecoin broke the 300.0 round number. WHAT NEXT?

LTC rejected our upper brown trendline so as it approaches the 300.0 again, which is now turned into potential support, we will be looking for buy setups.

As per my trading style:
I will be waiting for it to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
financialflagship
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Totally agree, time for a correction! Great analysis! 🔥
TheSignalyst
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@financialflagship thanks Alex
AbbF
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i thonk its on diamond patern .best look in 4h time frame.how do you think
TheSignalyst
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@AbbF right
AbbF
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@TheSignalyst as u saw😉
ahmadawada
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nice one
TheSignalyst
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@ahmadawada, thank you Ahmad :D
jtmazari
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Looks like we're going to break the upper brown trend line?
TheSignalyst
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@jtmazari yes it may happen
lollobchara1
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Gd one
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