LTCUSDT Litecoin H&S pattern Fib levels - SHORT
This analysis is based on a H&S pattern, typical values for S/L and T/P as indicated, trade to be opened on a price action when trend line is crossed as early entry or when support level is crossed. LTC has recently had a quick growth of 61% of it's drop since May 2021, H&S confirms reversal of the trend and T/P safely at 0.618 being Golden Ratio
This is just an idea not a trading advise!
This is just an idea not a trading advise!
Trade closed: target reached
s/l has been reached but once the price action proved the trend is going down short reopened.
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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.