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ProjectSyndicate
Oct 6, 2020 9:41 AM

LTCUSD D1: RESHORT IT! 25% correction.(SL/TP)(NEW) Short

Litecoin / United States DollarCoinbase

Description

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LTCUSD D1: RESHORT IT! 25% correction.(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: LTCUSD D1 chart review/outlook
::: reshort it and get paid
::: BEAR MODE is on right now
::: distribution in progress
::: short-term bullish
::: will likely re-test range highs
::: near 50 USD
::: 1/2/3/4/5 repeat fractal
::: BEARS get ready to RESHORT IT later
::: higher risk setup: LONG at MARKET TP 50 USD
::: recommended strategy: SHORT IT / SHORT rips/rallies
::: ENTRY NEAR 50 USD SL 55 USD TP1 38USD TP2 36USD
::: correction not over yet
::: up to 25% downside remains
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/50USD
::: Sentiment outlook short-term: BULLS/RALLY
Comments
KlejdiCuni
Thanks for sharing!
SunnyHillCapital
Awesome work, thank you for sharing with all of us!
i8myapl
Shorting it! Why buy high when u can buy lower? :)
PolarHusk
A potential Bearish pattern here. Thanks for sharing your idea 🐻‍❄️😃
Dave-FX-Hunter
Nice charting mate.
Sadovoy_Trade
👍
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