LTC/BTC potential long play
Reaccumulation or Distribution.
Arguments for Reaccumulation:
- Price action getting less volatile
- Price building higher highs
- probably also the decreasing volume
How to play this:
- Speculative buy now / demand bar
- wait for break out or retest
Caution:
- BTC price action.
My plan. Wait for BTC to make up its mind than decide on which of the two plays to trade.
Happy trading.
Tele: @maexf
Discord: maex#8262
Tele: mad_maex
Arguments for Reaccumulation:
- Price action getting less volatile
- Price building higher highs
- probably also the decreasing volume
How to play this:
- Speculative buy now / demand bar
- wait for break out or retest
Caution:
- BTC price action.
My plan. Wait for BTC to make up its mind than decide on which of the two plays to trade.
Happy trading.
Tele: @maexf
Discord: maex#8262
Tele: mad_maex
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