🚀 $LTC is going for a deep retest: where to pick up the impulse without risk?
On higher timeframes (4H/1H), Litecoin still shows a strong bullish trend, with priority given to buying in a discount zone. However, on the local 15M timeframe, a correction formed with a series of lower highs and lower lows (LH/LL).
🧠 How to handle the move correctly:
Trying to catch a falling knife on the local drop is a mistake. It’s smarter to wait for the price to reach the area of interest for large players, where liquidity is collected and the order block of the higher timeframe is located.
Entry Zone: $57.80 – $58.60 (positioning after equal lows (EQL) are swept around $60.00 and a test of the 1H/4H Demand zone)
TP: $63.80 (buy-side liquidity sweep above the local peak $64.00)
SL: $56.40 (a close below $56.80 will break the 1H bullish structure)
⚡️ Proceed to trading and take your profit with the strong move!👇
#LTC📈 #cryptotrading #BinanceSquare
On higher timeframes (4H/1H), Litecoin still shows a strong bullish trend, with priority given to buying in a discount zone. However, on the local 15M timeframe, a correction formed with a series of lower highs and lower lows (LH/LL).
🧠 How to handle the move correctly:
Trying to catch a falling knife on the local drop is a mistake. It’s smarter to wait for the price to reach the area of interest for large players, where liquidity is collected and the order block of the higher timeframe is located.
Entry Zone: $57.80 – $58.60 (positioning after equal lows (EQL) are swept around $60.00 and a test of the 1H/4H Demand zone)
TP: $63.80 (buy-side liquidity sweep above the local peak $64.00)
SL: $56.40 (a close below $56.80 will break the 1H bullish structure)
⚡️ Proceed to trading and take your profit with the strong move!👇
#LTC📈 #cryptotrading #BinanceSquare