LTC getting ready to take off! Ride the Bull
Analysis:
Correction ended, and accumulation nearing final phase. Inverse "FatBart" Head & Shoulders seen.
Entry Point:
General Entry is this range is fine, just look for a local dip/low. Looking to go long in the range of 9200 to 9275. See detailed screenshot below, using Bottomfinder to find best local entry.
Take Profit:
The green lines represent target take profit levels. We suggest cashing out 10% at T1, 35% T2, 50% T3, 5% T4 (or let it ride if it still looks bullish ).
Stop Loss:
Stop Loss suggested at 8800, which is below the liquidity pool and 3 established local support levels.
Upon completion of T1 move stop loss to entry point to secure a risk free trade. Additionally continue moving stop loss up by one target each time a new target it reached. i.e. when T2 is reached, move stoploss to T1 level.
This way you can ride out dips with no anxiety and automatically exit the trade in profit should you not be around to monitor!
Correction ended, and accumulation nearing final phase. Inverse "FatBart" Head & Shoulders seen.
Entry Point:
General Entry is this range is fine, just look for a local dip/low. Looking to go long in the range of 9200 to 9275. See detailed screenshot below, using Bottomfinder to find best local entry.
Take Profit:
The green lines represent target take profit levels. We suggest cashing out 10% at T1, 35% T2, 50% T3, 5% T4 (or let it ride if it still looks bullish ).
Stop Loss:
Stop Loss suggested at 8800, which is below the liquidity pool and 3 established local support levels.
Upon completion of T1 move stop loss to entry point to secure a risk free trade. Additionally continue moving stop loss up by one target each time a new target it reached. i.e. when T2 is reached, move stoploss to T1 level.
This way you can ride out dips with no anxiety and automatically exit the trade in profit should you not be around to monitor!
