Your thoughts are welcome!
Note
Approaching first fib. So far so good. Of course you can always use the .23 and .38 fib as partial take profit targets to reduce your risk, put a W on the books, and BTC back in your wallet.Note
LTC broke .01 take partial profit or adjust your stop to just below .01 to protect profits. Your call:)Trade closed manually
Closing this out as a W at .01 for a 12.7% profit. I really don't like the look of the pattern that's forming on the LTCUSD chart. I'll post a chart on it if I have time. Sometimes knowing when to get out is the most important thing. I hate seeing a W turn into a L.
If you are staying in, I'd recommend tightening up your stop.
Happy trading!
Note
LTCBTC dropped 10% since my last update. Hope you got out in time, or that you had your stop set to protect profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.