Litecoin is forming two bullish patterns (the ascending Triangle and the pennant) which both are considered as a bullish continuation patterns. Buy orders should based on break out signals and breaking out the top levels / resistance levels. Important thing to remember when considering the current condition of the market is that these are very overbought and if the price starts falling (not reaching our buy orders) it is ideal to cancel these buy orders and wait for a new trading opportunity.
Happy trading and don't forget to use stop-loss orders, prevents you to lose more and helps you not to lose any of your hairs!
This is a longer term trading idea. It might not take so long time before reaching the first targets but reaching the longer term target can take a while.
Ps.
By the way, I'm trying a new trading method and if you'd like to have targets based on this method. Feel free to DM me! I have been giving these targets already to whoever DM'ed me in twitter. :) Happily to share these targets with you guys!
Trading Information
Buy: Above 335 level
Partial Profit Target: around 379 - 390 levels (blue box)
Main Profit Targets: 445 & 461 levels
Longer Term Target: Around 557 Level
Stop-loss: 285
Things to Remember:
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Need help or you have a question related to this trading idea?
Please, feel free to leave them down below in to the comments.
Yarr!
Happy trading and don't forget to use stop-loss orders, prevents you to lose more and helps you not to lose any of your hairs!
This is a longer term trading idea. It might not take so long time before reaching the first targets but reaching the longer term target can take a while.
Ps.
By the way, I'm trying a new trading method and if you'd like to have targets based on this method. Feel free to DM me! I have been giving these targets already to whoever DM'ed me in twitter. :) Happily to share these targets with you guys!
Trading Information
Buy: Above 335 level
Partial Profit Target: around 379 - 390 levels (blue box)
Main Profit Targets: 445 & 461 levels
Longer Term Target: Around 557 Level
Stop-loss: 285
Things to Remember:
- Stop-loss orders are strongly recommended.
- Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
- Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Need help or you have a question related to this trading idea?
Please, feel free to leave them down below in to the comments.
Yarr!
交易進行:
Breaking upwards!
