Litecoin Idea 2 (Fibonacci)

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Buy: 211.28
Sell: 228.18 - 8% gain
Stop: 202.83 - 4% loss
Duration: 7 days

Its going to be tight but lets see if this 2/1 ratio works.
Trade closed: stop reached: Stop reached. A tight a squeeze, should have allowed more breathing room and time.


I think you have a too tight stop loss and sell limit. 8% is only about 17$ and no one is looking so little, also 4% drop is pretty normal.
+1 Reply
Oh man! I can't believe people still trade (Buy and sell for short-term gains) coins like Bitcoin and Litecoin!! These coins are long-term investments... so you buy and hodl until December where the price usually hit all-time high and there you sell, just wanted to help out!

Good Luck !!!
Buy and hold
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