$LTC/BTC 12h (Binance Spot) Descending wedge on support

26 Şub 2021

Litecoin is accumulating in satoshi and could bounce in the weeks to come!

Current Price= 0.003675
Buy Entry= 0.003679 - 0.003605
Take Profit= 0.004116 | 0.004533 | 0.005349
Stop Loss= 0.003345

Risk/Reward= 1:1.6 | 1:3 | 1:5.75
Expected Profit= +13.01% | +24.46% | +46.87%
Possible Loss= -8.15%

Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 months

8 Mar 2021

İşlem aktif

All entries filled

Litecoin dipped a bit more than planned, but still looking good to me.

8 Mar 2021

Not

Still ranging and accumulating

Litecoin made an attempt to go up but was rejected and back to entry zone, I am manually adding here!

13 Mar 2021

Not

Finally moving up

Litecoin bounced at last, let's see if it can break above 50MA soon.

23 Mar 2021

Not

And got rejected again

Litecoin did not manage to break-out yet and that lead it to more local downtrend.
Now sitting wedge support, we decided to update SL a bit lower to avoid a long squeeze on a possible fake-out!

Stop Loss= 0.003262
Risk/Reward= 1:1.25 | 1:2.34 | 1:4.49
Possible Loss= -8.15%

8 Nis 2021

İşlem kapandı: hedefe ulaştı

TP1 reached with +13.01% (1x) and +0.73R

Litecoin dipped further more, I had to updated SL lower to avoid Stop hunt.
Then it finally pumped to first target and seems to be up-trending at last!

16 Nis 2021

İşlem kapandı: hedefe ulaştı

TP2 reached with +24.46% (1x) and +1.37R

Litecoin kept going up and broke bullish of the wedge, last target is likely to be hit.