$LTC broke below the low of the last 20 hours on volume, and I opened a short.
The 1-hour candle closed below 55.48, the low of the previous 20 hours. I sold at 55.16.
That candle had 2 times the average volume of the previous hours.
Initial stop at 56.10 (1.7% above). No TP: I use a trailing stop: it moves down following the low and closes if the price rebounds to it; 7 days is only the maximum.
The risk per trade is small, and I always respect the stop.
This is not financial advice. Do your own research and adjust your risk.
$LTC #trading #crypto
The 1-hour candle closed below 55.48, the low of the previous 20 hours. I sold at 55.16.
That candle had 2 times the average volume of the previous hours.
Initial stop at 56.10 (1.7% above). No TP: I use a trailing stop: it moves down following the low and closes if the price rebounds to it; 7 days is only the maximum.
The risk per trade is small, and I always respect the stop.
This is not financial advice. Do your own research and adjust your risk.
$LTC #trading #crypto