Trade Set Up With Entry, Exit, and Stop Loss Values Super Simple
In the one hour chart we see that we are oscillating around 12% below the Moving Average 200 (orange). Candlesticks have successfully established many support levels, specially above the moving average 20 (Purple). Bulls appear to be in control at least in the short term.
I circled every important buy zones and green candlesticks seem to be mostly complete and bigger than the previous red bars.
A triangle is forming and triangles could breakout in many directions. However taking in count that LTC/BTC pair needs a bull correction I consider very positive possibilities that the breakout is up
Stop Loss is the red bar below.
I would enter a buy order of 50% capital now. And the other 50% in the blue dotted line.
First profit taking zone is the green dotted line, around 5% of current levels and the upper blue line passing through the orang moving average. I would take 75% of profits at the green line and leave the rest to the upper target.
Never trade with a stop loss and make sure you don't loose more than 5% of your total capital per day! Luck people
I circled every important buy zones and green candlesticks seem to be mostly complete and bigger than the previous red bars.
A triangle is forming and triangles could breakout in many directions. However taking in count that LTC/BTC pair needs a bull correction I consider very positive possibilities that the breakout is up
Stop Loss is the red bar below.
I would enter a buy order of 50% capital now. And the other 50% in the blue dotted line.
First profit taking zone is the green dotted line, around 5% of current levels and the upper blue line passing through the orang moving average. I would take 75% of profits at the green line and leave the rest to the upper target.
Never trade with a stop loss and make sure you don't loose more than 5% of your total capital per day! Luck people