Short

LITECON UPDATE - SHORT SETUP

Updated

now that daily bullish engulfing is what I have been expecting if this was going to be a wave 4-green Triangle. We now have a new invalidation level ($84.18) which presents us with a better risk reward ratio than before (3RR).

PREVIOUS ANALYSIS

LTC (LITECOIN) UPDATE - SHORT TERM TRADE SETUP

OTHER ANALYSIS

RENDER (RNDR) UPDATE - $10 OR $18 INCOMING AFTER 7RR TRADE SETUP

UPDATE ON POLKADOT - FINAL MOVE BEFORE THE BULL RUN

ADA (CARDANO) RETIREMENT SETUP - MACRO ANALYSIS - $35

Note

Kindly reduce risk by adjusting the stop loss to the previous swing high $83.46. That's the deal breaker for this position if it really wants to go the time is now.

Note

Waiting patiently for this to either hit Take profit or stop loss (by the way the stop loss has been reduced to $83.4 reducing the risk drastically to 3.10% thereabouts.

This scenario below will be out next focus if the short setup fails and the spot bag we've been holding will cover up.

Note

Trade closed: stop reached

trade closed at -3.10% on LTCUSDT
this scenario seems likely now. We wait on our spot bag and we will recover the loss after all the spot bag is till in profit

DewyCandles

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