Evening Traders,
Today’s analysis – LTCUSDT- trading towards a key trade location where a bullish reaction is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(.618 Fiboancci, Internal S/R Confluence
- Daily S/R Resistance
- Low Volume
LTCUSDT’s immediate price action is trading towards the Local S/R which is in technical confluence with the Internal S/R and the .618 Fibonacci, allowing for a long bias.
The immediate objective is the Daily S/R, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
Overall, in my opinion, LTCUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps.
Thank you for following my work,
And remember,
“Trade the market in front of you, not the one you want!” – Scott Redler
Today’s analysis – LTCUSDT- trading towards a key trade location where a bullish reaction is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(.618 Fiboancci, Internal S/R Confluence
- Daily S/R Resistance
- Low Volume
LTCUSDT’s immediate price action is trading towards the Local S/R which is in technical confluence with the Internal S/R and the .618 Fibonacci, allowing for a long bias.
The immediate objective is the Daily S/R, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
Overall, in my opinion, LTCUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps.
Thank you for following my work,
And remember,
“Trade the market in front of you, not the one you want!” – Scott Redler
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.