Long
LTC Looking Bullish mid term
LTC came down into a previous liquidity zone and pushed out with a Bullish engulfing.
The following candles broke resistance to form a HH.
The 61.8 of the push up lines up beautifully with the top of the demand zone created by the engulfing.
Set entry there with two take profits at previous supply levels.
Stop below demand zone. Could get better RRR by putting it below 78.6 but feel more comfortable with a bit more breathing room.
The following candles broke resistance to form a HH.
The 61.8 of the push up lines up beautifully with the top of the demand zone created by the engulfing.
Set entry there with two take profits at previous supply levels.
Stop below demand zone. Could get better RRR by putting it below 78.6 but feel more comfortable with a bit more breathing room.
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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.