readCrypto

Lite Coin (LTC) - December 16

BINANCE:LTCUSDT   Litecoin / TetherUS
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We need to see if it can rise along the uptrend line (1).
Also, you should check if there is a movement that rises above 81.33-84.70 and breaks upward.

If you do not deviate from the downtrend line (2), you will eventually fall.

If it falls from the 69.89 point, a Stop Loss is required to preserve profit and loss.

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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

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