LTC ready for breakout! But which way?
Risk: Medium
Dear followers,
First thanks for following and I hope you have had a wonderful Christmas. I started posting this month and last night I reached my first 100 followers. Let's go for 250 before the end of January :-)
LTC is trading in a triangle now. We have to wait for a breakout to see which way we go.
Long:
Buy: If we breakout at the top of the triangle.
Valid: If an hour candle closes above the blue line.
Target 1: 322
Target 2: 360
Resistance: 200ma
Short: If we breakout at the bottom of the triangle.
Valid: If we close with an hour candle below the blue triangle line.
Target 1: 256
Target 2: 225
Target 3: 189
Resistance: 50ma
Tips: Use the play button to see if we have already broken out and + and - to zoom.
Please, follow and like for more trading ideas.
Questions? Feel free to ask and your feedback is welcome!
Dear followers,
First thanks for following and I hope you have had a wonderful Christmas. I started posting this month and last night I reached my first 100 followers. Let's go for 250 before the end of January :-)
LTC is trading in a triangle now. We have to wait for a breakout to see which way we go.
Long:
Buy: If we breakout at the top of the triangle.
Valid: If an hour candle closes above the blue line.
Target 1: 322
Target 2: 360
Resistance: 200ma
Short: If we breakout at the bottom of the triangle.
Valid: If we close with an hour candle below the blue triangle line.
Target 1: 256
Target 2: 225
Target 3: 189
Resistance: 50ma
Tips: Use the play button to see if we have already broken out and + and - to zoom.
Please, follow and like for more trading ideas.
Questions? Feel free to ask and your feedback is welcome!
Trade active:
Breakout confirmed.
Breakout confirmed.
Trade closed: target reached:
First target reached. :-)
I'll keep you updated about our next targets.
I'll keep you updated about our next targets.
Trade closed: target reached:
Second target reached
