Litecoin failed to follow through on the bullish breakout, just like bitcoin. And again just like bitcoin, we’re stuck between 2 MTFA levels: 45.2 and 40.8.
Selling pressure has taken control as the CMF has turned negative, and the indicator has plotted a short setup. In this case I’m ignoring the breakout level shown by the indicator, but placing the entry order below the MTFA support.
The target is the next MTFA level at 33.9, take partial profits here and tighten the stop.
If you find this useful, like and subscribe to get notified of updates and new ideas
If you want to tryout the indicators and strategy, follow and pm me and I’ll get you set up.
Stay calm, and happy trading!
Selling pressure has taken control as the CMF has turned negative, and the indicator has plotted a short setup. In this case I’m ignoring the breakout level shown by the indicator, but placing the entry order below the MTFA support.
The target is the next MTFA level at 33.9, take partial profits here and tighten the stop.
If you find this useful, like and subscribe to get notified of updates and new ideas
If you want to tryout the indicators and strategy, follow and pm me and I’ll get you set up.
Stay calm, and happy trading!
