LTC/USDT: at important resistance

Until the price closes below 100, the current trend structure suggests a one more leg down toward the 76–70 macro support zone.

However, if the price successfully clears the 100 resistance level - rising and closing above it with strong volume - the odds will shift in favor of a correction ending and the potential start of a new uptrend toward the 210–270 macro resistance zone.

Macro-structure:

Thank you for your attention!

Trade active

Stopes are at BE. Planning to trim some if price reclaims 21ema on 1h chart and VWAP

Structurally, until price is closing bellow yesterdays LOD, the proposed structure is valid and assumes lower targets toward 75-70 support region.

Note

Partially trimming profits in LTC shorts and moving stops to slightly above 1h 65 ema / prior lower lows

Note

Adding to the core position with moving stops above yesterdays HOD

Note

Trimming some overweight portion and moving stops

Not certain on the micro-structure, but Daily ideal targets remain at 75-70 support zone. Although, I cannot rule out brief undercut of Feb 3 low and reversal to 21 ema or even the end of the mid-term correction Dec'24 highs.

Trade closed: target reached

Fully covered my core and adds on

15 min covering:

Suggested structure could be considered fulfilled. Although, until price is holding bellow today's high, there is a micro potential for one more push to 60 levels

Weekly:

artemfedorov

Делюсь опытом работы на финансовых рынках в личном блоге: t.me/marketartistry

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artemfedorov

Делюсь опытом работы на финансовых рынках в личном блоге: t.me/marketartistry

Also on: