$LTC: WAIT - no dip under the floor yet.
What happened: Litecoin fell to 47.70 twice and held, now at 48.86. Bitcoin broke down to 67449, so longs need a trigger.
Entry: 47.75, only after a dip under 47.70 and a 1h candle closes back above it.
Stop loss: 46.95, about 1.7 pct below entry.
Target 1: 49.75, gives 2 times the risk.
Target 2: 51.80, gives 4.3 times the risk.
Avoid buying at 48.86 with no trigger, and avoid shorting into the 47.70 floor that held twice.
What cancels the idea: a 1h candle close under 47.55 kills the long. If Bitcoin falls under 67449, stand aside.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: Litecoin fell to 47.70 twice and held, now at 48.86. Bitcoin broke down to 67449, so longs need a trigger.
Entry: 47.75, only after a dip under 47.70 and a 1h candle closes back above it.
Stop loss: 46.95, about 1.7 pct below entry.
Target 1: 49.75, gives 2 times the risk.
Target 2: 51.80, gives 4.3 times the risk.
Avoid buying at 48.86 with no trigger, and avoid shorting into the 47.70 floor that held twice.
What cancels the idea: a 1h candle close under 47.55 kills the long. If Bitcoin falls under 67449, stand aside.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
