Litecoin Short Term Trade

Price bounces from the uptrend line. RSI confirms price reversal. We have buy opportunity. Entry for long trades can be at 46.00 level. Stop orders must be placed below 43.50 level. Profit targets can be at 48.00 or 50.00 resistance levels. This is a short term trade. It's based on a reversal signal from the uptrend line. If price breaks the uptrend line, it will be a signal for exit from this trade.

Yorum:

Price broke the uptrend line. Our long trade was not activated. Wait for new trading opportunity.