LTO - Massive Support => Bullish Potential!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
⚔️ LTO is retesting a massive zone , which marks the intersection of two key rejection points:
1️⃣ The $0.02 support level and psychological round number
2️⃣ The lower red trendline, acting as an oversold area
📚 According to my trading style:
As #LTO hovers around the blue circle zone, I’ll be watching for bullish reversal setups (such as a double bottom pattern, trendline break, and so on).
🏹 Moreover, from a medium-term perspective:
For the bulls to shift momentum in their favor, a break above both the upper red trendline and the blue structure is required.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
