LTC Breaking the Wedge Path to $150+
Pattern
The price is confined within a falling wedge, gradually narrowing towards the apex.
Current Situation
The price is testing the upper trendline, indicating an attempt at a breakout.
Potential Action
A confirmed breakout will be signaled if a 4-hour candle closes above the trendline.
Target
A breakout from the wedge could drive the price towards $150+, as the wedge's height suggests potential upward movement.
Stop-Loss
Placing a stop-loss below the recent swing low or the wedge's lower boundary can manage downside risk.
This setup suggests waiting for confirmation before entering a long position to capitalize on the expected bullish momentum.
The price is confined within a falling wedge, gradually narrowing towards the apex.
Current Situation
The price is testing the upper trendline, indicating an attempt at a breakout.
Potential Action
A confirmed breakout will be signaled if a 4-hour candle closes above the trendline.
Target
A breakout from the wedge could drive the price towards $150+, as the wedge's height suggests potential upward movement.
Stop-Loss
Placing a stop-loss below the recent swing low or the wedge's lower boundary can manage downside risk.
This setup suggests waiting for confirmation before entering a long position to capitalize on the expected bullish momentum.
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.
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.