conall88
Long

Litecoin long opportunity, buy the dip.

BITTREX:LTCUSD   Litecoin / Dollar
Litecoin showing an uptrend, we have a long opportunity on the dip here. Bullish outlook confirmed by MACD crossover to upside, aswell as RSI and TTM             Squeeze trending up. SCMR             trends also advises a long entry on this candle. I advise a 2:1 risk, our aim is to sell some or all at the resistance as shown. Keep an eye on market volume , if it breaks out, ride the wave.
Trade ist aktiv: Our long has been met, the next question is , will it break resistance ? Taking profit here isn't a bad idea, I'd advise selling 33% of your position and letting the rest ride in this situation, with the intention of closing out when we see confirmation of a reversal.
Kommentar: LTC broke resistance on futures contracts, I expect spot to follow suit!
Kommentar: take profit area is now ~ $166-168 zone or 0.0201105
Kommentar: BTC is bullish, this may impact LTC causing a moon to .024, monitor accordingly.
Trade geschlossen: Ziel wurde erreicht: sold @ $177, may be worth buying back in lower.
there may be some more life left in this trade , consolidation in progress, now is a good time to buy, entry at $178
Antworten
Our long has been met, the next question is , will it break resistance ? Taking profit here isn't a bad idea, I'd advise selling 33% of your position and letting the rest ride in this situation, with the intention of closing out when we see confirmation of a reversal.
Antworten
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