#LTCUSD - Plenty of Short Profits, But Where to Take Them?
theCrypster -
A symmetrical triangle formed coming off recent(ish) swing lows from the #LITECOIN ATH. We've now been rejected by that upper edge of the triangle, combined with a Sell signal from CTv2 and we've got a good trade here!
There will be some resistance at around 10-15% below current price, if we start to head out the top of this I'd be inclined to close the trade for small profits. A bust out the bottom of this area would indicate very healthy profits of 20-30%.
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A symmetrical triangle formed coming off recent(ish) swing lows from the #LITECOIN ATH. We've now been rejected by that upper edge of the triangle, combined with a Sell signal from CTv2 and we've got a good trade here!
There will be some resistance at around 10-15% below current price, if we start to head out the top of this I'd be inclined to close the trade for small profits. A bust out the bottom of this area would indicate very healthy profits of 20-30%.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Not
Bust through TP1 for a healthy 20% profit, since then we've retraced back up through SR levels. We should expect to see a small decline before consolidation within that blue zone next
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.