LTC Short Term Trade - Flag Formation
Updated
This is going to be a risky short term trade. I see a flag formation in the 1 hr chart.
MACD is about to get into a +ve divergence.
The pole length is ~77 points.
In the 4hr chart MACD is still in a bullish divergence.
RSI is over bought, but my guess is it still has some room for buyers.
That said, I'd recommend to enter ~336
Target ~418
Stop Loss ~320
As always please provide your feedback and thank you.
MACD is about to get into a +ve divergence.
The pole length is ~77 points.
In the 4hr chart MACD is still in a bullish divergence.
RSI is over bought, but my guess is it still has some room for buyers.
That said, I'd recommend to enter ~336
Target ~418
Stop Loss ~320
As always please provide your feedback and thank you.
Order cancelled
The ticker detracted and went bearish. Canceling trade.
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