A SNIPER'S RISK MANAGEMENT TECHNIQUE
As expected, LTC is still struggling in the 38.2% fib retracement zone. We are with some cool profits in LTC, since our last trade was very successful (check the link of our entry point in the end of this analysis). Also, follow me to keep in touch with our trades, and be part of our community, I do daily analysis here, always updating you about what I’m doing.
I’m very honest with you, and who follows me knows that I’m keeping some LTC, as I said in previous analysis (also, link bellow), and now it’s doing some interesting moves. I maintain what I said in my previous LTC analysis, I believe there’s nothing to worry here, especially if the price is above that thin blue line (previous top).
If you like to improve your analysis, you can look the hourly chart:
It seems LTC did a double bottom in a support zone, and that’s good for the bulls! If you like, you can set a stop gain under that red line, and if it loses it, just take your profits. As long the price is above that level, we’re good.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
I’m very honest with you, and who follows me knows that I’m keeping some LTC, as I said in previous analysis (also, link bellow), and now it’s doing some interesting moves. I maintain what I said in my previous LTC analysis, I believe there’s nothing to worry here, especially if the price is above that thin blue line (previous top).
If you like to improve your analysis, you can look the hourly chart:
It seems LTC did a double bottom in a support zone, and that’s good for the bulls! If you like, you can set a stop gain under that red line, and if it loses it, just take your profits. As long the price is above that level, we’re good.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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