LTC About to Break Line of Resistance (210.43)
Updated
LTC is about to break line of resistance on way back up at 210.43
A solid buy order spot is set for 210.45 with stop/loss set at 193.51 (23.6% on fib) and sell limit between 256.65 (50% fib) and 284.55 (61.8% fib)
Points on chart:
A= All time high (high point on Fib)
B= Low
C= 75% High
D= Low
With lower highs and lower lows, I personally don't have much trust going back up to 300 anytime soon on LTC.
As always: I am NOT a Financial Advisor nor am giving you any financial advice. Please do your own research and make your own choices. This is just showing you my journey in this crazy crypto world.
A solid buy order spot is set for 210.45 with stop/loss set at 193.51 (23.6% on fib) and sell limit between 256.65 (50% fib) and 284.55 (61.8% fib)
Points on chart:
A= All time high (high point on Fib)
B= Low
C= 75% High
D= Low
With lower highs and lower lows, I personally don't have much trust going back up to 300 anytime soon on LTC.
As always: I am NOT a Financial Advisor nor am giving you any financial advice. Please do your own research and make your own choices. This is just showing you my journey in this crazy crypto world.
Note
LTC price has still yet not reached the line of resistance at 210.43.It is hovering around my initial stop loss of 193 instead. No action has been taken as of yet.
Trade active
My Buy order has been reached as the line of resistance has been crossed at 210.43.I have placed both my stop/loss at desired price AND selected limit sell at desired price.
Trade closed: stop reached
Its a loss. As soon as it hit the line of resistance, it dove down and took roughly 2 days to reach stop/loss.Onto the next trade idea.
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