LTCUSDT - D1
LTCUSDT
D1 - The price has emerged from a protracted consolidation through a triangular formation, which may lead to further upward movement. You can try to consider buying from the level of 73.20. If the price can gain a foothold at the level of 68.80 and make a retest, we can expect the movement to continue.
Global target 115.05
If there is a false breakout and liquidity is removed, the price may return to the channel; in this case, it is necessary to wait for a clear formation to consider purchases.
What can you expect?
You can consider entering from the level of 73.20 (you can consider breaking through the level) with further movement to the target 94.56. You can also consider entering from a correction if the price consolidates above 68.80 (With exit from the position after the 2nd wave)
Cancel the idea so as not to take increased risk from the level of 59.50 - 55.10. There may also be a false breakout of this level and continuation of the upward movement - in this case, it will be necessary to wait for a clear formation to continue the upward movement.
It is better not to trade inside the channel, but to wait for a clear situation for trading.
Targets 79.80 - 85.47 - 94.56 - 115.05
D1 - The price has emerged from a protracted consolidation through a triangular formation, which may lead to further upward movement. You can try to consider buying from the level of 73.20. If the price can gain a foothold at the level of 68.80 and make a retest, we can expect the movement to continue.
Global target 115.05
If there is a false breakout and liquidity is removed, the price may return to the channel; in this case, it is necessary to wait for a clear formation to consider purchases.
What can you expect?
You can consider entering from the level of 73.20 (you can consider breaking through the level) with further movement to the target 94.56. You can also consider entering from a correction if the price consolidates above 68.80 (With exit from the position after the 2nd wave)
Cancel the idea so as not to take increased risk from the level of 59.50 - 55.10. There may also be a false breakout of this level and continuation of the upward movement - in this case, it will be necessary to wait for a clear formation to continue the upward movement.
It is better not to trade inside the channel, but to wait for a clear situation for trading.
Targets 79.80 - 85.47 - 94.56 - 115.05
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