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ProjectSyndicate
Jan 27, 2022 9:46 AM

LTCUSD H8: Best Level to BUY 20%+ gains (SL/TP)(BOUNCE) Long

Litecoin / US DollarBinance

Description

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LTCUSD H8: Best Level to BUY 20%+ gains (SL/TP)(BOUNCE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect short-term BOUNCE
before reversal (BEARS)


🔸 Summary and potential trade setup
::: LTCUSD H8 chart overview and outlook
::: chart looks good expect wave4 BOUNCE
::: corrective move in 5 waves BEARS sequence
::: BEST RELOAD bulls: 90/92 USD
::: for bulls. look to buy into mild pullback
::: chart looks good strong overall though
::: strong pattern likely setting up for BOUNCE
::: 20%/25% upside remains for BOUNCE PLAY
::: TP bulls is +20/25% gains
::: recommended strategy: BUY LOW 90-92 USD
::: SL fixed below 88 USD
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment outlook short-term: BULLS/BOUNCE PLAY

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Comments
DeGRAM
I agree
ProjectSyndicate
@DeGRAM, perfect
MMBTtrader
i think soon it can pump
ProjectSyndicate
@MMBTtrader, sounds good!
TradingAlchemist
nice one !
ProjectSyndicate
supplementary to above. nice bounce play in AVAXUSD for 60% gains.
AVAXUSD H8: Best Level to BUY 60%+ gains (SL/TP)(BOUNCE)
VasilyTrader
What is your rule for stop placement?
ProjectSyndicate
@VasilyTrader, wave4 highs
YMGroup
Very good litecoin idea brother, thank you
ProjectSyndicate
@YMGroup, +++++
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