TradingOn

$LTC/USDT 90m (Binance Futures) Rising wedge facing resistance

Short
TradingOn Mis à jour   
BINANCE:LTCUSDT.P   Litecoin / TetherUS PERPETUAL CONTRACT
Litecoin risky scalp speculating a pull-back here, trade with cautious.

Current Price= 255.04
Sell Entry = 259.89 - 265.77
Take Profit= 241.58 | 229.37 | 221.09
Stop Loss= 278.13

Risk/Reward= 1:1.39 | 1:2.19 | 1:2.73
Expected Profit= +16.18% | +25.46% | +31.72%
Possible Loss= -11.64%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 1 week
Transaction en cours:
First entry filled

Interesting rejection on 200MA so far, next hours will be decisive for Litecoin

Transaction en cours:
Second entry filled then dipped

Litecoin is moving as planned so far, we could see a bounce on descending TL and 50MA though.
That's why we adjusted TP1 tighter to 246.04$, if not, then road to lower targets.
EDIT: TP2 updated to 232.23$ as well!


Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.