theCrypster

#LTCUSD - Plenty of Short Profits, But Where to Take Them?

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theCrypster 已更新   
KRAKEN:LTCUSD   萊特幣
theCrypster -

A symmetrical triangle formed coming off recent(ish) swing lows from the #LITECOIN ATH. We've now been rejected by that upper edge of the triangle, combined with a Sell signal from CTv2 and we've got a good trade here!

There will be some resistance at around 10-15% below current price, if we start to head out the top of this I'd be inclined to close the trade for small profits. A bust out the bottom of this area would indicate very healthy profits of 20-30%.

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Bust through TP1 for a healthy 20% profit, since then we've retraced back up through SR levels. We should expect to see a small decline before consolidation within that blue zone next

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