Cryptorphic

LTO/BTC Trade Setup 78% PROFIT POTENTIAL (RR- 1:12)

Long
BINANCE:LTOBTC   LTO / Bitcoin
Welcome to the second altcoin trade setup for this week.

LTO / BTC Broke out of the falling wedge channel which is bullish in nature.
Currently facing. the 50D ,A resistance

Fundamentals: The team has announced they will be coming up with a good news at the end of MAY (HYPE drives the price to the upside)

If this 50 MA Resistance is broken we can see it rallying for 68%.

Here's the entry and target zone:

ENTRY: 376 TO 407

TARGETS:
453
509
545
595
662

STOP LOSS: 352

RR-> 1:12

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Stay safe

#PEACE



Comment: No changes yet. even If btc dips I'll hold it until the SL is hit.
Comment: LTO is on the verge of a breakout. Hold strong :)
Trade active: 90% Targets achieved. Only the last target is pending and it should be fulfilled by the end of this month.
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Comments

I have set my targets accordingly. Thanks.
+2 Reply
markparker125 adamcox09
@adamcox09, Same here.
Reply
Cryptorphic adamcox09
@adamcox09, cool
Reply
Very good analysis, we are on same strategy too.
Reply
Cryptorphic plancton0618
@plancton0618, Yeah Thanks
Reply
Boom! Very nice chart!
Reply
Cryptorphic geraldvanwattum
@geraldvanwattum, Haha Thanks
Reply
What do you think about Lco ?
Reply
@kdinia, Accumulate within the given range.
+1 Reply
kdinia Cryptorphic
@Cryptorphic,

Thanks
Reply
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