LTCUSD chart on 4h time frame showing us
the third rebound on ascending support line (Same as the 1D chart). Also, the confirmation signal emerge with a small bullish rebound on support line. Therefore, in my opinion 186USD will be the good enter price for long with SL around 170USD and TP around 215USD ( 1.27 Profit-loss ratio ).Price around 215USD will be the conservative profit area since the lower high gradually form.
Lastly, remind you that since the market full of ambiguity, "100% winning technique" does not exist. A good price action analysis will also didn't work sometimes. But if you win trades more than the lose then your account will gain profit,and a good analysis system with disciplined SL/TP will bring you in this case. Good luck for you all!
the third rebound on ascending support line (Same as the 1D chart). Also, the confirmation signal emerge with a small bullish rebound on support line. Therefore, in my opinion 186USD will be the good enter price for long with SL around 170USD and TP around 215USD ( 1.27 Profit-loss ratio ).Price around 215USD will be the conservative profit area since the lower high gradually form.
Lastly, remind you that since the market full of ambiguity, "100% winning technique" does not exist. A good price action analysis will also didn't work sometimes. But if you win trades more than the lose then your account will gain profit,and a good analysis system with disciplined SL/TP will bring you in this case. Good luck for you all!