LitecoinShort
LTC
SHORT MOVE UP
The small bullish pennant flag pattern which has always played out well and the most used pattern for short profit for trade, has been spotted on the 30mins time frame on LTCUSD.
The breakout has just happened but a bit below the a near resistance, a breakout from the resistance would initiate the move up to test previous high levels. The flag which has a tight consolidation makes it more valid to hold its move to test the resistance.
VERDICT:
BUY: $44.3
SELL:$44.8 up to $45.6
STOP LOSS:$43.5
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
The small bullish pennant flag pattern which has always played out well and the most used pattern for short profit for trade, has been spotted on the 30mins time frame on LTCUSD.
The breakout has just happened but a bit below the a near resistance, a breakout from the resistance would initiate the move up to test previous high levels. The flag which has a tight consolidation makes it more valid to hold its move to test the resistance.
VERDICT:
BUY: $44.3
SELL:$44.8 up to $45.6
STOP LOSS:$43.5
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
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