$LTC/USDT 4h (#BinanceFutures)Symmetrical triangle on resistance
Litecoin is entering supply zone where a bearish rejection would make sense.
Current Price= 124.82
Sell Entry= 124.63 - 128.67
Take Profit= 115.26 | 107.63 | 100.01
Stop Loss= 136.18
Risk/Reward= 1:1.2 | 1:2 | 1:2.8
Expected Profit= +17.98% | +30.04% | +42.06%
Possible Loss= -16.02%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 3-4 weeks
Tags: #LTC #LTCUSDT #Blockchain #Dino #PoW #Mining #BSC #BC #MW
Websites: litecoin.org litecoin-foundation.org
Contracts:
#Mainnet
#BEP20 0x4338665cbb7b2485a8855a139b75d5e34ab0db94
#BEP2 LTC-F07
#HECO 0xecb56cf772b5c9a6907fb7d32387da2fcbfb63b4
Current Price= 124.82
Sell Entry= 124.63 - 128.67
Take Profit= 115.26 | 107.63 | 100.01
Stop Loss= 136.18
Risk/Reward= 1:1.2 | 1:2 | 1:2.8
Expected Profit= +17.98% | +30.04% | +42.06%
Possible Loss= -16.02%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 3-4 weeks
Tags: #LTC #LTCUSDT #Blockchain #Dino #PoW #Mining #BSC #BC #MW
Websites: litecoin.org litecoin-foundation.org
Contracts:
#Mainnet
#BEP20 0x4338665cbb7b2485a8855a139b75d5e34ab0db94
#BEP2 LTC-F07
#HECO 0xecb56cf772b5c9a6907fb7d32387da2fcbfb63b4
Trade active
2/3 entries filledLitecoin got rejected on the upper-line as expected, so far so good.
Trade active
Last entry filledLitecoin seems to have broken-out bullish, let's stick to the plan anyway.
Trade closed: target reached
TP1 reached with +17.98% (2x) and +1.2RLitecoin finally retraced down after almost stopping us out, we did well holding tight!
RSI is entering oversold territory now, SL adjusted to highest entry (128.67) to reduce the risk.
Trade closed: target reached
TP3 reached with +42.06% (2x) and +2.8RLitecoin went for final target after the bearish retest of the triangle / 100EMA, trade is fully closed now!
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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.