Short
$LTC short idea: neckline support flipping resistance
Updated
High time frame first - 3D is getting smacked back down from the consolidation that lead to the last leg of the sell off in 2018. Looks ready to close as a swing high (retrace looks likely).
Low time frame on Bitmex - clear support level/neckline is our entry, there is an OB above that which should offer a bit more resistance before our stop loss is hit. That same OB was responsible for sending price down below resistance. Targeting current local low.
Low time frame on Bitmex - clear support level/neckline is our entry, there is an OB above that which should offer a bit more resistance before our stop loss is hit. That same OB was responsible for sending price down below resistance. Targeting current local low.
Note
Stop loss hit. Trade closed.
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