well relooking at the higher time frame price is currently price is bearish and against a red zone so the shorts is valid
explaining this trade is quite tasking as its a trend in trends confirmation, price failed to break below the lower wedge and broke back into the the bullish trend and above a weekly zone confirming a buy
we have a similar trade on Au, but trade unlike Eu we have more room to a 3RR, but id be taking partials at Tp 1. stay tuned
well i have been making alot of major adjustments on my entries and exits over the months seeing that most time i do not gibe price enough space to breath and may targets has been too far, so on this analysis, price is failing to break above the weekly zone (red zone) and i would be waiting for price to break below the wedge for my entry confirmation and my exit...
I have been waiting for the market to change bias from bearish to bullish, and once market broke from the bearish channel and restest the daily zone below, but time was already gone far into Newyork and it was Friday, so I waited for Monday to go back for a retest on the daily zone..but instead during Monday Newyork, price formed an entry signal forming an inverse...
Market is on a downtrend, and targeting the overall weekly low, market coming from a daily resistance zone and creating lower highs and lows off 4H key zones. entry secured on Friday off price breaking back into the rising wedge to collect liquidity above and then break the wedge a second, and the retest to fall, stay tuned
With the whole crypto market crumbling, its quite shocking for LTC to show an A1 setup for a BUY price broke above a daily zone after consolidating for over a month, this gives hope for the rest of the crypto market, LTC TO 100$ first, Remember you saw it here first