LTCUSD | Equilibrium needed, ascending triangle may form.

LTCUSD Coiinbse | Equilibrium needed, play the support line of 182.7 and the resistance of the ascending triangle at 189.9

I'll try to remember to close this trade once it is invalidated.

Kommentera:

With the time horizon within this triangle, I think there's a higher chance of a breakdown of the blue trendline in order to reach the green support than there is of bouncing from the blue trendline to break resistance. But what really matters is reacting to the resistance break or for an oversold bounce, executing, and placing the stop close behind. (For educational purposes only).