▫️Buy Zones: • First Buy Zone: $71.54 to $57.82 • Second Buy Zone: $57.82 to $53.00 • Third Buy Zone: $53.00 to $41.81 • Sell Zone: Around $115.13 • Price Trend: Likely to see an upward trend with ascending support lines (indicated by yellow arrows) supporting the rise.
▫️ Momentum Indicators: • Stoch RSI: Showing low levels, suggesting the price may be oversold and poised for an upward movement. • CM_RSI_2_Strategy_Lower: Indicates the market is oversold, potentially signaling a buying opportunity.
📊 Second Image:
▫️ Settlement Map: • Shows high settlement clusters in the $80-$90 range, indicating strong resistance at these levels. • Low settlement areas below $70, suggesting potential support.
📈 Forecast and Strategy
🔮 Forecast: • Potential upward trend in the short term based on momentum indicators and strong support. • Resistance around $80-$90 based on the settlement map, which could slow down the upward trend.
📋 Trading Strategy: • Entry Points (in three phases): • First Entry: $71.54 to $57.82 • Second Entry: $57.82 to $53.00 • Third Entry: $53.00 to $41.81 • Exit Points: • Sell at resistance levels ($80-$90) or at the sell zone ($115.13). • Stop Loss: • Place stop loss below major support at $37.70. $LTC #CryptoPCEWatch #MtGoxJulyRepayments #CryptoTradingGuide #Megadrop #MicroStrategy Coin selected by @Parallel-Universe
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