Many traders believe that the LTC has found its bottom and will go after the bull target, I think the chart gave the bull a chance, created a nice double bottom, the chart could no longer give the bulls a better boost, unfortunately the bulls capitulated too soon and the bears can soon show their claws.
Trade active
Note
On Friday the 13th, this day I was expecting a correction, so it is possible that the market maker will take advantage of fear and send it up (eliminate short positions and test some support from below).Otherwise, the direction is still down.
Note
Target hit ($ 52), from distribution -60%.Trade closed: target reached
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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.