What has been scaring me on #ltc is the daily rejection(bearish engulfing) candles of price $98.
And I’m very sure that it scares most retailers too.
So, I see whales squeezing the price here between $98 and $90 for some time before pushing it up.
Is it a good zone to buy? Yes it is, with an exit plan if prices fall below $88. But I will tell you one thing. $90 is a super strong support level now.
So, to cut everything short, expect a U-turn squeeze from here. It might take days or weeks but just know that buying at this level is worth the risk. DON’T FORGET EXIT PLAN (EXIT IF PRICE FALLS BELOW $88)
This is just my opinion(analysis) and if you have any questions or another view point, kindly share with me in the comment section.
