just a little something I could see happening here.
looks like a Head and shoulders pattern breakdown. Cant short Perp LTC on mex though so just a paper trade.
Nice ascending triangle, Looks good for a support here and then a push up followed by a breakout and push to ATH
unless this makes another high on the HTF, there is no reason to become crazy bullish. Still bullish on a macro scale but still expecting the 9k lows to be taken first. A LOT of liquidity under there.
series of SFP's leading up to major liquidity run of $9k low.
just cause its clearly in an uptrend, this trade would not be a bad idea.
wipe out the longs and then send it up rapidly afterwards fueled by shorts and FOMO. Then create a HL and send it to $14K
If we track the parabolic rise form the bottom then we can see it broke on the last dump and this pump seems to be a simple retest/deadcat before more downside.
i post a lot of fractals. maybe this one will workout lol