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ProjectSyndicate
Jun 3, 2020 10:07 AM

LTCUSD 16hour: SHORT sell any RIPS 20-30% selloff(NEW) Short

Litecoin / United States DollarCoinbase

Description

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LTCUSD 16hour: SHORT sell any RIPS 20-30% selloff(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: LTCUSD 16hour chart review
::: BEAR WEDGE setup / soon dump
::: we just hit solid resistance at 48 USD
::: expecting bears to take over
::: at least short-term
::: 20%-30% correction off the highs
::: STRATEGY: short sell any rallies
::: two targets below
::: TP bears: 33 USD / 30% SELLOFF
::: possible setup / still SPECULATIVE
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
Comments
Antonio_trader
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Great stuff!
ProjectSyndicate
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@Antonio_trader, thank you!
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