LitecoinLong
Feeling Long for LTCUSD Yearly Trade
Why did I enter?
Litecoin. I've been thinking about the bigger picture when it comes to cryptocurrencies. Now I don't know much about this compared to bitcoin but I do know down the line countries are considering putting more of an emphasis on these types of currencies. Price is currently in a support zone on the daily time frame and I've seen price reach either of the two resistance zones about 9 times or close to so this is more of a yearly holder and "take profit when comfortable" type of trade. I will do two 0.01's for a long and let this once sit for the year. I want to challenge myself. I'm entering shortly and will let the market have it's way. Be aware that this truly a long term trade. Small lot sizes only if you enter
🏀Tips🏀
*Use proper risk management. Past profits does not guarantee future success!
*Don’t be greedy! Leave at least $10-$15 Free Margin so you won’t get kicked before your trade hits Stop Loss.
*Take advantage of twin trading!
*Trail your stop loss once you get 20 pips on profit!
*Be patient. Your trade will go red and blue. Trust in your markup.
*You won’t win every trade but continue to learn!
Litecoin. I've been thinking about the bigger picture when it comes to cryptocurrencies. Now I don't know much about this compared to bitcoin but I do know down the line countries are considering putting more of an emphasis on these types of currencies. Price is currently in a support zone on the daily time frame and I've seen price reach either of the two resistance zones about 9 times or close to so this is more of a yearly holder and "take profit when comfortable" type of trade. I will do two 0.01's for a long and let this once sit for the year. I want to challenge myself. I'm entering shortly and will let the market have it's way. Be aware that this truly a long term trade. Small lot sizes only if you enter
🏀Tips🏀
*Use proper risk management. Past profits does not guarantee future success!
*Don’t be greedy! Leave at least $10-$15 Free Margin so you won’t get kicked before your trade hits Stop Loss.
*Take advantage of twin trading!
*Trail your stop loss once you get 20 pips on profit!
*Be patient. Your trade will go red and blue. Trust in your markup.
*You won’t win every trade but continue to learn!
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.
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.