LitecoinShort
LTC long exit strategy
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Been riding this entry since $34, the halving pump has meant it could be traded bullishly all the way, i was expecting one final parabolic move to $170-$200 but we cant be too greedy considering the amazing gains its given all the bulls.
LTC has formed an evening star pattern on the daily which is a strong reversal pattern, granted it might just reverse $10-$20 then continue with parabolic moves up, but my current exit strategy is im anticipating a bounce at $121 levels where we made decent resistance previously, im hoping to sell this bounce as soon as it starts to show signs of a dead cat bounce
eg when it bounces from $121 if it starts to stall at $128 that will be my sell signal and the end of a very good long bull run for me.
im also putting a hard SL just below $121 in case there is no bounce and we just have violent drop.
Good luck traders.
LTC has formed an evening star pattern on the daily which is a strong reversal pattern, granted it might just reverse $10-$20 then continue with parabolic moves up, but my current exit strategy is im anticipating a bounce at $121 levels where we made decent resistance previously, im hoping to sell this bounce as soon as it starts to show signs of a dead cat bounce
eg when it bounces from $121 if it starts to stall at $128 that will be my sell signal and the end of a very good long bull run for me.
im also putting a hard SL just below $121 in case there is no bounce and we just have violent drop.
Good luck traders.
Trade fermée manuellement
Thankfully the pullback didn’t happen and we didn’t reach our sell zone, so this set up is now void and I remain long on Ltc for now.
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