Long

LTC USD

Updated

Channnel trade on litecoin. Channel is short but established and should hold for support but stops recommended as It may still want to retest the double bottom break out around 170. If so that would be safe entry as well with stops.

I dont believe it breaks out from here.I think it will drift to channel line retesting the 210 support zone before breaking out or down.

Target 3.05 area.
Stops 196.
Great risk/reward trade.

Note

Don't know why the headers wrong. Says NZD/USD buts litecpin analysis

Note

The entire post is screwed u apparently and scale has been warped. P&L indicator has "exploded to entire window on my view.

Either way , trade would still be active , stops have not been hit. Price is meandering sideways for lack of volume follow through overnight but it may enter today.
Prices are being held below or inside resistance of prior congestion zone and need volume to step in to push through, It may still want to retest breakout of 171-173 area and may drift there. but shows fair volume support in 209-212 range. Traders would keep tight stop here and if break down occurs. could reenter upon confirmed back test of double bottom break out.

Trade active

Breaking out here on good volume. longs entered with stops at 221 for swing trade.
T1-285
T2-309
T3- 355

Note

Trade closed manually

Stops hit

jmil

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