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VBAmaster
Jul 18, 2018 6:19 PM

Trade discipline, philosophy at key point 

Litecoin / United States DollarCoinbase

Description

Here is an assumed interesting situation, what is your choice. and all the comments and idea are welcomed

Comment

now, we find LTC pullback from 94 to 85 and find previous 85~88 as support, which is a bullish signal. Wait for the price action make a little more confirmation, go over 90 with volume, then we can long from there. Set the SL below 84. Now you can see, if I hold all the way through, I may save some operation and some fees and energy. But if I take profit at key level, and wait for it goes up and pull back, and wait it confirm the previous resist serves as the support and long back again. We are actually reducing the possibility to be trapped and have more confidence to hold to next level
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