$LTC/USDT 2D (#BinanceFutures)Descending trendline on resistance
Litecoin is approaching overbought territory and seems likely to be rejected on 200MA.
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 10.1%
Current Price:
81.93
Entry Targets:
1) 83.61
Take-Profit Targets:
1) 65.01
Stop Targets:
1) 96.04
Published By: @TradingOn
Risk/Reward= 1:1.5
Expected Profit= +44.49%
Possible Loss= -29.73%
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 10.1%
Current Price:
81.93
Entry Targets:
1) 83.61
Take-Profit Targets:
1) 65.01
Stop Targets:
1) 96.04
Published By: @TradingOn
Risk/Reward= 1:1.5
Expected Profit= +44.49%
Possible Loss= -29.73%
Trade active:
Great entry caught for Litecoin on 200MA resistance so far, let's see how that goes.
Trade closed: stop reached:
SL hit with -1.0R
Litecoin did not go as planned and instead of a rejection, we got a bullish continuation after breaking out of that ascending triangle.
RSI looks quite overbought again though, so we'll wait for a pull-back before trying a long, maybe something like that:
Litecoin did not go as planned and instead of a rejection, we got a bullish continuation after breaking out of that ascending triangle.
RSI looks quite overbought again though, so we'll wait for a pull-back before trying a long, maybe something like that:
