$LTC/USDT 2D (#BinanceFutures)Descending trendline on resistance
Litecoin is approaching overbought territory and seems likely to be rejected on 200MA.
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 10.1%
Current Price:
81.93
Entry Targets:
1) 83.61
Take-Profit Targets:
1) 65.01
Stop Targets:
1) 96.04
Published By: @Zblaba
Risk/Reward= 1:1.5
Expected Profit= +44.49%
Possible Loss= -29.73%
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 10.1%
Current Price:
81.93
Entry Targets:
1) 83.61
Take-Profit Targets:
1) 65.01
Stop Targets:
1) 96.04
Published By: @Zblaba
Risk/Reward= 1:1.5
Expected Profit= +44.49%
Possible Loss= -29.73%
Trade active
Great entry caught for Litecoin on 200MA resistance so far, let's see how that goes.Trade closed: stop reached
SL hit with -1.0RLitecoin did not go as planned and instead of a rejection, we got a bullish continuation after breaking out of that ascending triangle.
RSI looks quite overbought again though, so we'll wait for a pull-back before trying a long, maybe something like that:
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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.