Litecoin (LTC): Going With Easy & Proven Strategy Here | Bullish
LTC is setting up a very clean and simple idea here. Price has been ranging under the same local resistance for some time, and this level has been rejected multiple times already. We recently had a bearish CME formed, sellers pushed into it, but that area was filled very quickly and buyers stepped in straight away. The fast reaction back up tells us buyers are active and not letting price stay lower.
As long as price holds above the CME fill area (which is near EMAs), buyers keep control here. The plan is straightforward: we wait for a break of local resistance, followed by a proper BOS and re-test. That would confirm continuation and open the door for the next upside leg.
No breakout → no trade.
Break + re-test → we look for longs.
Swallow Academy
As long as price holds above the CME fill area (which is near EMAs), buyers keep control here. The plan is straightforward: we wait for a break of local resistance, followed by a proper BOS and re-test. That would confirm continuation and open the door for the next upside leg.
No breakout → no trade.
Break + re-test → we look for longs.
Swallow Academy
Trade closed: stop reached
💎 Telegram:
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💎 Telegram:
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.