Trade setup: LTCUSD Long
Coming to you live… I’m entering LTCUSD Long here, as we speak.
Current PA (price action) on LTCUSDT chart looks great to me. We had a break below a strong S/R area (red bar across middle of screenshot), but then an Impulsive (high volume) break back above it; now we’re re-testing that S/R as new support once more with this nice mini Bull Flag. The Bull Flag isn’t a Complete Pattern yet, as it doesn’t have 3 touches on any one boundary of the flag, but my Stop is very safe down at sub $220 level.
Just wanted to report this to my readers. Not financial advice. Just sharing what I’m doing. Good luck out there! LTC is a monster, and as soon as we launch into the next leg up, this trade will be bulletproofed (Stop set at Entry Price locking in, at worst, a breakeven trade) and my eyes will be fixed on the $900 area.
Disclaimer:
Cryton Capital is not a registered investment advisor, legal advisor, tax advisor, or broker/dealer. All investment / financial opinions expressed in any-and-all posts on this page, including screenshots & captions, are from the personal research and experience of the owner, and are intended to be interpreted as educational material only. Although best efforts are made to ensure that all financial charts and commentary are as up-to-date as possible, there may be times where price moves beyond key levels before the chart can be posted. Alas, this is part of the fast-paced financial sector and cannot be avoided. Also, occasionally unintended errors and/or misprints may occur.
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It may not be financial advice but it is well researched information.
Take us to the promise land chris.