LTC/USDT 1w - the first target done 👍
2 months ago we assumed possible global scenarios and now they are gradually being realized.
One of the most important metrics is the risk you are willing to take on the deal.
RR 1:4 - done
RR 1:7 - in progress
Now if you have closed a portion of the position, you can move your stop loss to the breakeven point.
Globally my vision has not changed, we continue to monitor the situation.
LIVEKroumi
--
Bullish
$LTC
LTC/USDT 1w - A possible long-term scenario:
#TradeNTell
Let me share my observations. At this point, I can see that the spring is compressing. If we take into account our long-term investor approach and look at the chart from that perspective, we can say that we have found a good trading idea.
I'll explain:
In fact, we are at the lower boundary of the global support line now, each time the price lows have moved higher.
I see two ways things could go:
Purple rectangles indicate potential resistance lines, from which we should expect a price reaction.
In the first scenario, entering the trade now, we have a risk-to-reward ratio of 1:4. In this case, the stop loss is behind the past local minimum.
Entry: 65,6 - 67
Target: 112,82
Stop: 53,98
In the second scenario, I would consider an even longer-term position but from these same price ranges. Risk/Reward 1:7 but here the stop loss is below an even more recent low.
Entry: 65,6 - 67
Target: 249,02
Stop: 39,98
Now I have given you a trading idea that does not call for anything but to expand your ability to study charts and price behavior. Always remember that everyone makes their own financial decisions on their own.
LTC/USDT 1w - A possible long-term scenario:
#TradeNTell
Let me share my observations. At this point, I can see that the spring is compressing. If we take into account our long-term investor approach and look at the chart from that perspective, we can say that we have found a good trading idea.
I'll explain:
In fact, we are at the lower boundary of the global support line now, each time the price lows have moved higher.
I see two ways things could go:
Purple rectangles indicate potential resistance lines, from which we should expect a price reaction.
In the first scenario, entering the trade now, we have a risk-to-reward ratio of 1:4. In this case, the stop loss is behind the past local minimum.
Entry: 65,6 - 67
Target: 112,82
Stop: 53,98
In the second scenario, I would consider an even longer-term position but from these same price ranges. Risk/Reward 1:7 but here the stop loss is below an even more recent low.
Entry: 65,6 - 67
Target: 249,02
Stop: 39,98
Now I have given you a trading idea that does not call for anything but to expand your ability to study charts and price behavior. Always remember that everyone makes their own financial decisions on their own.
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
Explore Content For You
Sign up now for a chance to earn 100 USDT in rewards!
or
Sign up as an entity
or
Log In