Hello Trader friends,
With massive increasing price,
Litecoin became one of the interesting coins in this bull run.
This coin increased around 30% in between 24 hours and found itself a high around 274.6.
Then price started a correction and a left shoulder and a head formed.
I started to observe closely this price action and planned a strategy regarding this formation.
If price breaks below the trendline and retests, I will open a short position targeting around 50% Fibonacci level which is USD 242 .
My strategy
LTCUSD Short Position
Entry: 259
Target: 245-242
RSI divergence should be noted as well!
Stay safe and don't forget, you don't have just one opportunity. Relax and watch the price action!
Likes and comments are highly appreciated!
With massive increasing price,
Litecoin became one of the interesting coins in this bull run. This coin increased around 30% in between 24 hours and found itself a high around 274.6.
Then price started a correction and a left shoulder and a head formed.
I started to observe closely this price action and planned a strategy regarding this formation.
If price breaks below the trendline and retests, I will open a short position targeting around 50% Fibonacci level which is USD 242 .
My strategy
LTCUSD Short Position
Entry: 259
Target: 245-242
RSI divergence should be noted as well!
Stay safe and don't forget, you don't have just one opportunity. Relax and watch the price action!
Likes and comments are highly appreciated!
Заявка отменена
Price didn't form any head&shoulders pattern. Update will be in another publishment
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.