$LTC/USDT 12h (Binance Futures) Ascending channel on midline
Litecoin is likely to resume bullish anytime soon after a last dip to 100EMA.
Current Price= 264.60
Buy Entry = 258.04 - 242.00
Take Profit= 308.14 | 373.53 | 498.97
Stop Loss= 220.98
Risk/Reward= 1:2 | 1:4.25 | 1:8.57
Expected Profit= +46.50% | +98.80% | +199.14%
Possible Loss= -23.24%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 2x
Estimated Gain-time= 1.5 months
Current Price= 264.60
Buy Entry = 258.04 - 242.00
Take Profit= 308.14 | 373.53 | 498.97
Stop Loss= 220.98
Risk/Reward= 1:2 | 1:4.25 | 1:8.57
Expected Profit= +46.50% | +98.80% | +199.14%
Possible Loss= -23.24%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 2x
Estimated Gain-time= 1.5 months
Trade active
All entries filledLitecoin dipped as expected and bounced nicely, what a great catch so far!
Trade closed: stop reached
SL hit with -23.24% (1x) and -1RLitecoin lost 50MA support after all, let's try to catch it lower then.
Trade closed: target reached
TP2 would have been reached with +98.80% (2x) Remember that failed call for Litecoin? Turned out it was not that bad after all, just too early 😜
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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.