Zblaba
Long

LTC/USDT 6H (Binance Fut.) Ascending channel on support

BINANCE:LTCUSDTPERP   Litecoin / TetherUS PERPETUAL FUTURES
FA: Litecoin partners with Atari Bolster Gaming and Cryptocurrency Industries.
TA: a parallel channel is forming inside a bigger one, MAs are showing good support too and the LTC/ BTC pair found bottom few days ago.

Current Price= 43.99
Buy Entry= 44.04 - 43.20
Take Profit= 46.35 | 48.31 | 53.89
Stop Loss= 40 .89

Risk/Reward= 1:1 | 1:1.72 | 1:2.66
Expected Profit= 25.04% | 43.00% | 94.2%
Possible Loss= -25.04%

Fib. Retracement= 0.618 | 0.786 | 1.272
Margin Leverage= 4x
Estimated Gain-time= 360h
Comment: EDIT: R/R for TP3 is 1:3.76
Trade active: All entries filled, time to go up now!
Trade closed: target reached: TP1 with +25.04% (4x) from average entry.
Took a bit of patience but went through the resistance!
Higher targets are still valid but don't forget to book some profit here

Comments

I'm new How does work the different levels of take profit? At 46.35 close position and rebuy keeping the profit in the wallet? Right?
Reply
Zblaba sofrox
@sofrox, well if you want to go safe you can do that, but I'm confident with my TA so I partially take profit of my position at each target, something like that:
40% on TP1
35% on TP2
25% on TP3
You can also use the Prediction Coins bot and it will do it for you automatically and also move SL to entry after reaching first target to lock gain!
Reply
sofrox Zblaba
@Zblaba, thank you for the response, i'm Going to try the bot.
+1 Reply
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