LTCH19 Short Trade Plan
Updated
Commodity : LITECOIN
Trade Type : SHORT
Trading Against : BITCOIN
Entries : Double-UP Entries between the two given buy zones
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 48 hours to 1 week
Investment in trade : 5% of the total Trading Balance.
Leverage : 3x
Prospective Profit : 13.5% to 52.3% (with Leverage)
Prospective Loss : 14.91% (with leverage)
RRR : SL to TP1 is 2.25, SL to TP2 is 2.95 , SL to TP3 is 3.4 , SL to TP4 is 4.00
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
Trade Type : SHORT
Trading Against : BITCOIN
Entries : Double-UP Entries between the two given buy zones
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 48 hours to 1 week
Investment in trade : 5% of the total Trading Balance.
Leverage : 3x
Prospective Profit : 13.5% to 52.3% (with Leverage)
Prospective Loss : 14.91% (with leverage)
RRR : SL to TP1 is 2.25, SL to TP2 is 2.95 , SL to TP3 is 3.4 , SL to TP4 is 4.00
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
Trade active
Taking profit little early from this Short.Trade active
TP1 hitThis took a bit longer than expected. But LTC is home now.
26% profits at 3x Leverage
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