$LTC/USDT 90m (Binance Futures) Rising wedge facing resistance
Litecoin risky scalp speculating a pull-back here, trade with cautious.
Current Price= 255.04
Sell Entry = 259.89 - 265.77
Take Profit= 241.58 | 229.37 | 221.09
Stop Loss= 278.13
Risk/Reward= 1:1.39 | 1:2.19 | 1:2.73
Expected Profit= +16.18% | +25.46% | +31.72%
Possible Loss= -11.64%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 1 week
Current Price= 255.04
Sell Entry = 259.89 - 265.77
Take Profit= 241.58 | 229.37 | 221.09
Stop Loss= 278.13
Risk/Reward= 1:1.39 | 1:2.19 | 1:2.73
Expected Profit= +16.18% | +25.46% | +31.72%
Possible Loss= -11.64%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 1 week
Trade active:
First entry filled
Interesting rejection on 200MA so far, next hours will be decisive for Litecoin
Interesting rejection on 200MA so far, next hours will be decisive for Litecoin
Trade active:
Second entry filled then dipped
Litecoin is moving as planned so far, we could see a bounce on descending TL and 50MA though.
That's why we adjusted TP1 tighter to 246.04$, if not, then road to lower targets.
EDIT: TP2 updated to 232.23$ as well!
Litecoin is moving as planned so far, we could see a bounce on descending TL and 50MA though.
That's why we adjusted TP1 tighter to 246.04$, if not, then road to lower targets.
EDIT: TP2 updated to 232.23$ as well!
