LTCUSD: a perfect tight stop loss for a new short trade

Please comment below or leave us a like to support.

Traders,

We assumed a higher position as resistance zone for LTC.
Now it turns out could be a lower one.

And using that, we setup a new short trade with a really tight SL on 4h chart, following the same descending trend in DAILY CHART.

Less is more!

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Again, almost the same pattern

Trade closed: target reached:

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Move your sl to your entry, now we are on no risk.

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Trade closed: target reached:

Target 2 hit.

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Dont rush to long LTC now.
Even though it looks like a support zone now .
We still need entry signal to confirm.

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This trade was entered at 832 now making $10 in profit.