Anticipating LTCUSD Volatility during Interest Rate Decision
Updated
This trade opportunity comes with substantial risk, so it's crucial to implement effective risk management strategies. However, for those who thrive on risk and seek potentially rewarding trades, this FOMC event could be the thrilling chance you've been waiting for.
Syncing with Bitcoin: Riding the Upside Wave - As Bitcoin continues its upward trajectory, we're gearing up for an explosion of volatility when the Fed reveals its interest rate decision. This isn't an opportunity you want to let slip through your fingers. Granted, recent interest rate decisions haven't been kind to Bitcoin, aligning with fundamental reasoning. But the allure of this trade remains irresistible. The stage is set for a potential crypto boom as the Fed could either hit the brakes on interest rate hikes, providing a bullish boost to the crypto market, or opt for a brief pause after a mere 25 bips hike. Whichever way the Fed leans, the LTC long trade setup is shimmering with promise. Here's my game plan:"
1. LTC needs to stay above 64 USD per coin for this scenario to stay active
2. Strong move above 65 USD per coin
3. Bitcoin moving in the same direction
4. Enter trade upon break of 65.15
5. Stoploss will be at 63.9, very tight due to FOMC risk event
6. Target 69 dollars, looking to cut there as if Bitcoin moves the same we will be entering heavy resistance area around there
I hope you guys enjoy this risky trade setup, I like trading during volatile market phases, potential profits can be massive if done right. Make sure to keep an eye on this one!
If you enjoyed this, please consider liking and subscribing.
Let me know what you think of risky trades in the comments.
Syncing with Bitcoin: Riding the Upside Wave - As Bitcoin continues its upward trajectory, we're gearing up for an explosion of volatility when the Fed reveals its interest rate decision. This isn't an opportunity you want to let slip through your fingers. Granted, recent interest rate decisions haven't been kind to Bitcoin, aligning with fundamental reasoning. But the allure of this trade remains irresistible. The stage is set for a potential crypto boom as the Fed could either hit the brakes on interest rate hikes, providing a bullish boost to the crypto market, or opt for a brief pause after a mere 25 bips hike. Whichever way the Fed leans, the LTC long trade setup is shimmering with promise. Here's my game plan:"
1. LTC needs to stay above 64 USD per coin for this scenario to stay active
2. Strong move above 65 USD per coin
3. Bitcoin moving in the same direction
4. Enter trade upon break of 65.15
5. Stoploss will be at 63.9, very tight due to FOMC risk event
6. Target 69 dollars, looking to cut there as if Bitcoin moves the same we will be entering heavy resistance area around there
I hope you guys enjoy this risky trade setup, I like trading during volatile market phases, potential profits can be massive if done right. Make sure to keep an eye on this one!
If you enjoyed this, please consider liking and subscribing.
Let me know what you think of risky trades in the comments.
Note
Make sure that you understand your risk tolerance on this one!Order cancelled
The market moved way to aggressive into the wrong direction for this idea to be valid, this is not tradeable as of right now, lets wait and see.
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