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Crypto_MD
Jun 17, 2020 8:11 AM

LTCUSD Risky Long Long

Litecoin / United States DollarCoinbase

Description

Hi
As you can see in my chart, there is a possible channel which has a lot of breakout or takeout during the time, and the price has broken it with strong momentum, that why I'll go with a long position till 48 prices. That might be a barrier. I put the stop below the price shadows on the channel. Take this trade at your own risk.
Why? Because in a bigger picture, the price has broken a more significant channel form downside, but I think it will bounce back in it. (I haven't drawn the channel in the chart.)
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What is your opinion? Comment it below.
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Goodluck.
Comments
MartyBoots
You have an interesting setup, noted those points, let me know what you think of my analysis
peyfx
keep up the good work bro
Crypto_MD
Sorry 46* is the target
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