Litecoin New Entry Levels

Litecoin reached 50.00 resistance level. Long trades, which were opened based on the downtrend line breakout, gave good profit. Now we have to think about new entry levels for opening new long trades. We should not buy now, because it could be a retracement soon and price drops lower. Where to buy? We have 2 possible entry levels which are near the uptrend lines. If the maket drops to the uptrend line 1 and we have a confirmed reversal signal, it will be time for buying. Stop orders for these long trades should be below the uptrend line 1 which is a support line also. If price breaks this line, we'll be able to see down movement to the uptrend line 2. Also if we have a confirmed reversal signal, we'll be able to buy with stop orders below 34.00 support level. Take-profit orders for all long trades must be near the resistance level. Don't forget that all reversal signals must be confirmed by bullish candles or reversal candlestick patterns and RSI.