Litecoin is accumulating in satoshi and could bounce in the weeks to come!
Current Price= 0.003675
Buy Entry= 0.003679 - 0.003605
Take Profit= 0.004116 | 0.004533 | 0.005349
Stop Loss= 0.003345
Risk/Reward= 1:1.6 | 1:3 | 1:5.75
Expected Profit= +13.01% | +24.46% | +46.87%
Possible Loss= -8.15%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 months
Current Price= 0.003675
Buy Entry= 0.003679 - 0.003605
Take Profit= 0.004116 | 0.004533 | 0.005349
Stop Loss= 0.003345
Risk/Reward= 1:1.6 | 1:3 | 1:5.75
Expected Profit= +13.01% | +24.46% | +46.87%
Possible Loss= -8.15%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 months
Trade active
All entries filledLitecoin dipped a bit more than planned, but still looking good to me.
Note
Still ranging and accumulatingLitecoin made an attempt to go up but was rejected and back to entry zone, I am manually adding here!
Note
Finally moving upLitecoin bounced at last, let's see if it can break above 50MA soon.
Note
And got rejected againLitecoin did not manage to break-out yet and that lead it to more local downtrend.
Now sitting wedge support, we decided to update SL a bit lower to avoid a long squeeze on a possible fake-out!
Stop Loss= 0.003262
Risk/Reward= 1:1.25 | 1:2.34 | 1:4.49
Possible Loss= -8.15%
Trade closed: target reached
TP1 reached with +13.01% (1x) and +0.73RLitecoin dipped further more, I had to updated SL lower to avoid Stop hunt.
Then it finally pumped to first target and seems to be up-trending at last!
Trade closed: target reached
TP2 reached with +24.46% (1x) and +1.37RLitecoin kept going up and broke bullish of the wedge, last target is likely to be hit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.