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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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.