There is a high chance of further price reduction right now for LTC because of confirmed ABCD pattern formation on the 4 hour chart. However I am very bullish on LTC mid-longterm so this is a risky trade setup but the RR is good and I like how the ABCD pattern is very nicely formed - within proper FIB levels.
Take profits at the different FIB ratios then move StopLoss down to entry level after first TP is done. Do not over leverage and have fun! Good Luck :)
PS.
I am not licensed to provide financial advice and I am not responsible for any losses you may incur by following my ideas. Like and follow if you want to see more from me peeps!!!
Out -
WineTrader888
Take profits at the different FIB ratios then move StopLoss down to entry level after first TP is done. Do not over leverage and have fun! Good Luck :)
PS.
I am not licensed to provide financial advice and I am not responsible for any losses you may incur by following my ideas. Like and follow if you want to see more from me peeps!!!
Out -
WineTrader888
Trade closed: stop reached:
Trade Closed!