Retracement trade idea

Here's a low risk high reward trade for lite coin. We can see that a rounding bottom pattern has formed marking the end of the downtrend. Price just broke out of resistance and the bulls that bought at the bottom of the trend are starting to take some profit. We can expect a retracement back down to the new support level. From there we want a bullish candle to form before we can consider a trade. Always manage risk and happy trading!