LTO / BitcoinLong
LTO - Possible Bounce from 61.8% Fib
Updated
LTO is looking to find support after breaking out of a tightening pattern, since it just got added to Binance, it won't follow any specific patterns.
What is likely is a bounce from the 61.8% Fib Level, where it has found some support, and going towards the future, it will either pump back up to previous resistance, or it will roll over and collapse for a couple of days to weeks.
Buy with caution, although indicators show signs of bullish potential it's always important to manage your money properly.
What is likely is a bounce from the 61.8% Fib Level, where it has found some support, and going towards the future, it will either pump back up to previous resistance, or it will roll over and collapse for a couple of days to weeks.
Buy with caution, although indicators show signs of bullish potential it's always important to manage your money properly.
Trade closed: stop reached
Dropped below the 61.8% level, in this case the trade is a fail.
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