UnknownUnicorn121770

LTCUSD Diamond top or continuation?

BITFINEX:LTCUSD   Litecoin
Comment:
LTCUSD: Looking at the price action all over the board, i would scale down my buys to 20-30% and only leave the 127.9 in place or buy after a daily reversal pattern.
Comment:
A break below this bear channel support could result in a short term bottom and a potential buy opportunity. 127.9 buy still in place.

Trade active:
Bought 30% @ 148

Comment:
Placed a sell limit for 50% of my position @ 169.94 and a sell limit for the rest @ 179.94.

The latter i might change, depending how price behaves.

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