LTC has recently broken a significant weekly level, formed a HH and is now retracing.
Weekly level lines up beautifully with 4H demand zone. 50 fib or 38 depending on where you start the recent push.
Feel a bit funny about it, not sure if it's how far from the trend it is, due for a retracement, morning star on the dailys, mucking around with fibs to see what I want to see possibly.
Just gonna take it for 0.5R, R:R is fat. Can afford to be wrong a few times on these.
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New Idea, similar but slightly different entries based on new info.
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Click the photo to be taken to the write up on the new trade.