I just jumped into a **long trade on LTC**, and I thought, why not share it with you guys? Maybe we can all ride this wave together! 🚀
I based my move on a **strategy involving price channels**. The price was sliding down within a descending channel, but then—**boom**—a breakout occurred, forming an ascending channel at the same time. Perfect setup!
Targets are clearly marked on the chart. 🎯 As for my **stop loss**, I’ve placed it just below the big red channel, You could place your stop loss below the blue ascending channel, but I wouldn’t recommend it—it’s too prone to price manipulation. Below the red channel’s edge? Much safer, much smarter.
Trade smart, have fun, and enjoy the ride, folks! Happy trading! ⚡
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