MarcoAlpha

LTCUSD with the third rebound on the ascending support line.

Long
BITFINEX:LTCUSD   Litecoin
LTCUSD chart on 4h time frame showing us the third rebound on the ascending support line (Same as the 1D chart). Also, the confirmation signal emerged with a small bullish rebound on support line. Therefore, in my opinion price around 186USD will be the good enter price for long with SL around 170 USD and TP around 215USD ( 1.27 Profit-loss ratio).Price around 215USD will be the conservative profit area since the lower high gradually form.

Last but not least, 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 your win trades more than the loss 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.
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