LitecoinPanjang
Litecoin How To Trade
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The market is giving confirmation of uptrend continuation.
1) The price and MACD both are signaling of potential Bullish Hidden Divergence which is confirming uptrend continuation.
2) The Ascending Triangle and The Symmetrical Triangle both patterns are considered as continuation patterns.
These two signals are giving us confirmation for further upward movement. Buy orders should set above 73 resistance level. Stop loss should be set below our support level at 69.
It's very important to learn wise money management and that's why I'm usually adding partial profit targets. This gives chance to lock up some of the profits if the price decides to turn bearish. It's important to adjust to the sails of the price movement and see where the price might be heading to. Being impulsive without having knowledge behind your trades can cause tremendous money losses. Before you take any trades I truly recommend to read books and check tutorial videos.
Even overall crypto markets seems super bullish, but it's important to be patient and not to rush in to something that's rising quite a lot. Instead take patience, wait for dips and great trade opportunities. There are usually plenty.
This is kind reminder to you all.
Trading information:
Buy: above 73 level
Partial profit: 76 level
Main profit: 78 and around 90 level
Stop-loss: 69 level
Things to remember:
It's better to wait than to regret. This is important when you are doing long term investments! Knowledge behind of your trades gives you success, more often!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
1) The price and MACD both are signaling of potential Bullish Hidden Divergence which is confirming uptrend continuation.
2) The Ascending Triangle and The Symmetrical Triangle both patterns are considered as continuation patterns.
These two signals are giving us confirmation for further upward movement. Buy orders should set above 73 resistance level. Stop loss should be set below our support level at 69.
It's very important to learn wise money management and that's why I'm usually adding partial profit targets. This gives chance to lock up some of the profits if the price decides to turn bearish. It's important to adjust to the sails of the price movement and see where the price might be heading to. Being impulsive without having knowledge behind your trades can cause tremendous money losses. Before you take any trades I truly recommend to read books and check tutorial videos.
Even overall crypto markets seems super bullish, but it's important to be patient and not to rush in to something that's rising quite a lot. Instead take patience, wait for dips and great trade opportunities. There are usually plenty.
This is kind reminder to you all.
Trading information:
Buy: above 73 level
Partial profit: 76 level
Main profit: 78 and around 90 level
Stop-loss: 69 level
Things to remember:
- To trade safely we need to use stop losses in case something goes wrong.
- Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement.
- Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
It's better to wait than to regret. This is important when you are doing long term investments! Knowledge behind of your trades gives you success, more often!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
Dagangan aktif
The price broke out of the patternNota
Partial profit target hit! Seems like the price is forming new support area to our previous resistance line.Nota
First main profit target hit!Dagangan ditutup: sasaran tercapai
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.