I was bullish on Litecoin since 2 days ago and thought it will rise to the 95-100 zone.
However, the coin started to look tired and I closed my trade just above 80.
In my opinion, crypto bulls are not out of the woods and a new wave of strong selling could follow in the near future, so I'm preparing for this scenario.
In Litecoin's case, looking at the chart, we can see that the resistance above 90 is very strong, and in that place, I will look for short opportunities.
Considering a new visit of 50 support such a trade would have a 1:3 risk: reward
However, the coin started to look tired and I closed my trade just above 80.
In my opinion, crypto bulls are not out of the woods and a new wave of strong selling could follow in the near future, so I'm preparing for this scenario.
In Litecoin's case, looking at the chart, we can see that the resistance above 90 is very strong, and in that place, I will look for short opportunities.
Considering a new visit of 50 support such a trade would have a 1:3 risk: reward
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
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💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.