LTC H&S
Updated
I am not a professional so take everything I say with a grain of salt. The pattern you see just completed and as we all know do not trade until a pattern confirms.
We could see a test of the low 150's if that fails we will see where it goes from there. I am shorting this from the 162.22. No bottom projection but i will only buy back if the trend changes direction.
May your trades be ever in your favor.
We could see a test of the low 150's if that fails we will see where it goes from there. I am shorting this from the 162.22. No bottom projection but i will only buy back if the trend changes direction.
May your trades be ever in your favor.
Comment
Trade is still active. A similar pattern is forming on BTC, so by virtue of this we can assume that LTC is will experience further downside. I am not a bear on LTC but I am taking advantage of the bear market.
Trade active
Trading at a lower time frame could have been very profitable for the scapler. Currently, the bulls are working hard and I hope they continue but the have the 55, 100, and 200 EMA's to contend with on low volume.Comment
So, could not resist too play this pump. Jumped in at 161 (note I got in below my 162.22 short). Adding a few dollars for the dip.Trade closed: target reached
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