LTCUSD 240 hour chart (4hr chart)
Good afternoon,
I'm a trader for about 8 years. My strategy is fresh demand and supply levels along odd enhancers (EMA, FIBO,). Always trade with a clear mind and risk money that you can lose. LTCUSD. BUY at 83 level on 4hr chart, I'm hoping for price to arrive strongly (strong selloff) to my level in order for entry. If it bounces back at a earlier level, will buy conservative. Next level at 78. Since there is a selloff strong momentum on higher time frames, I will be very careful when buying.
I'm a trader for about 8 years. My strategy is fresh demand and supply levels along odd enhancers (EMA, FIBO,). Always trade with a clear mind and risk money that you can lose. LTCUSD. BUY at 83 level on 4hr chart, I'm hoping for price to arrive strongly (strong selloff) to my level in order for entry. If it bounces back at a earlier level, will buy conservative. Next level at 78. Since there is a selloff strong momentum on higher time frames, I will be very careful when buying.
Note
UPDATE: Will start adding buys at 50% fib; idea remains. Long-term scenario LTCUSD Target 1 @ 94, Target 2 @120, Stop 75Note
50% fib respected. Checking BCHUSD since for the past months it has been moving first than othwr cryptos (correlation)Note
Will not add more, only if it retraces back to my initial levels mentioned. Must stick to the rulesNote
Price arrived to buying zone and half of my buy orders were triggered. Price jump to 87 but it met supply and continued its downtrend. Getting ready for next order at 78. Idea remainsTrade active
UPDATE: 83 Level violated. 2nd and last buy entry at 78. 7/18: UPDATE: Will start adding buys at 50% fib; idea remains. Long term scenario LTCUSD Target 1 @ 94, Target 2 @120, Stop 75
Trade active
UPDATE: Trade still active with entry at 85 and 83, idea remains with targets, stop order at 75 and 2nd re entry at 78Trade active
price movement should start around Asian markets, 80 level holding.Trade active
78 level looking more feasible. Idea remainsTrade active
moving stop to 81.45. Idea remains the sameTrade closed: stop reached
stop reached. Trade close
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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.