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ProjectSyndicate
Jul 29, 2020 10:36 AM

LTCUSD 16H: BEST level to BUY 20% gains (SL/TP)(UPDATE) Long

Litecoin / United States DollarCoinbase

Description

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LTCUSD 16H: BEST level to BUY 20% gains (SL/TP)(UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: LTCUSD 16 hour chart review/outlook
::: we just hit heavy resistance
::: expecting up to 10% pullback short-term
::: 55/56 heavy resistance 55 strong support
::: recommended strategy: BUY DIPS 50.00 USD
::: SL 5% TP 20% TP is 60/62 USD max
::: pretty confident that we are getting
::: another BULL RUN soon
::: so just buy from my level and get paid
::: keep in mind it's a SWING trade setup
::: so don't expect fast/miracle gains
::: pullback required later before bull run
::: good luck traders
🔸 Supply/Demand Zones
::: fresh supply near 60 USD
::: fresh demand: 50 USD
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: PULLBACK/BULLS
::: Sentiment outlook short-term: BULLS
Comments
PolarHusk
thanks for sharing your analysis..
rima118118
kxa5111
kxa5111
@kxa5111, thats Fibonacci next target too! $61 then $70 then $84
InkyGrip
Great set up and full analysis! it's my view!
ProjectSyndicate
@plancton0618, good deal, I like that!
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