Here is what I'm looking at for a LTC buy zone pullback. Aligns with measured moves, VCs, latest impulse move. LTC has been using the 24EMA price as a pull back support zone (within 3-4%). This pullback zone aligns with monthly open as well as mean of value ranges.
Targets are just shy of 200.
I'm still holding out of profit taking in this range from basis positions in the 3K range.
With that being said I'm looking for 2 scenarios here.
Upside test to higher value range (8,3-8,8) then pullback. Looking for potential profit taking here but will decide as price action unfolds.
Next scenario is downside pullback in the 30% range to (5,5 area) the mean...
Holding this value range good. Also above weekly open and holding so far.
I have positions lower here but also entering here on this pullback.
Ideal trade flow here is wave above 200ema. Then maybe a short value range there and retest of 200ema price range. From there wave to the last high inflection point.
Looking for a pull back this week that is support by volume and matching price action. Projection break of 200ema and retest of that and staying above. Various signals are painting long as shown on charts.