Introduction: 🌐 Get ready for an exciting adventure in the crypto seas with LTCUSDT! Traders are embarking on a long journey from $71.44, riding the recent upward structural break and the formation of a sloping support level. Let's dive into the details of this bullish odyssey.
Trade Details: 💰 The long position (#LTCUSDT) sets sail from $71.44, secured with a stop-loss at $70.36. The rationale behind this move is the local break in the upward structure (BOS), forming a sloping support level. Price retracements reveal manipulation around liquidity, signaling significant player positions.
Technical Analysis: 📊 Zooming into the 15-minute timeframe, LTCUSDT has locally broken the structure upwards (BOS) and formed a sloping support level. Price retracements indicate manipulation over liquidity, suggesting the accumulation of positions by a large player. A level is set at $71.98, anticipating stops from short sellers to act as a magnet for market makers.
Expectations and Strategy: 🎯 The trader anticipates price compression towards the level through the slope, expecting further breakthrough beyond.
Trade Target: 🚀 The primary goal is to ride the bullish waves, capitalizing on the structural break and exploiting potential liquidity traps.
Conclusion: 🌊 LTCUSDT invites traders to ride the bullish waves on this exciting adventure. Prepare for a journey of potential profits, watch for price compression along the slope, and get ready for a breakthrough beyond! 🚀💹