$LTC/USDT 1D (Binance Futures) Ascending channel trending
Litecoin is still up-trending and this is the demand zone we should have targeted yesterday.
I don't expect to be hit too soon but let's have buy orders down there in case of a retest!
Current Price= 235.82
Buy Entry = 210.04 - 195.02
Take Profit= 299.22 | 416.11 | 566.54
Stop Loss= 163.78
Risk/Reward= 1:2.5 | 1:5.51 | 1:9.39
Expected Profit= +47.74% | +105.46% | +179.73%
Possible Loss= -19.13%
Fib. Retracement= 0.786 | 1.414 | 2
Margin Leverage= 1x
Estimated Gain-time= 2 months
I don't expect to be hit too soon but let's have buy orders down there in case of a retest!
Current Price= 235.82
Buy Entry = 210.04 - 195.02
Take Profit= 299.22 | 416.11 | 566.54
Stop Loss= 163.78
Risk/Reward= 1:2.5 | 1:5.51 | 1:9.39
Expected Profit= +47.74% | +105.46% | +179.73%
Possible Loss= -19.13%
Fib. Retracement= 0.786 | 1.414 | 2
Margin Leverage= 1x
Estimated Gain-time= 2 months
Note
Entry missed by 0.52$ then +23.22%Litecoin dipped a last time, sadly not enough, before bouncing back nicely.
Congrats if you managed to enter anyway, if not I marked 3 possible manual entries in the chart:
232.15 | 228.00 | 224.10
I will wait before updating the set-up with the PC bot because I need to analyze RRs accordingly.
Trade closed: target reached
Would have hit TP1 with +42.64% (1x)It is too sad we missed re-entry by only 0.52$ on Litecoin swing, went up and never pulled back.
We'll keep an eye on it to adjust buy zone if it ever wicks down, but even blue lines where we left buy orders look far away now.
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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.