Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
⚔️ LTO is retesting a massive zone, which marks the intersection of two key rejection points:
1️⃣ The $0.02 support level and psychological round number
2️⃣ The lower red trendline, acting as an oversold area
📚 According to my trading style:
As #LTO hovers around the blue circle zone, I’ll be watching for bullish reversal setups (such as a double bottom pattern, trendline break, and so on).
🏹 Moreover, from a medium-term perspective:
For the bulls to shift momentum in their favor, a break above both the upper red trendline and the blue structure is required.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
⚔️ LTO is retesting a massive zone, which marks the intersection of two key rejection points:
1️⃣ The $0.02 support level and psychological round number
2️⃣ The lower red trendline, acting as an oversold area
📚 According to my trading style:
As #LTO hovers around the blue circle zone, I’ll be watching for bullish reversal setups (such as a double bottom pattern, trendline break, and so on).
🏹 Moreover, from a medium-term perspective:
For the bulls to shift momentum in their favor, a break above both the upper red trendline and the blue structure is required.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
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.
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
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.