LTC- Litecoin Entered Short

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Reading the chart this is the story:

1. We had Significant Fib location where we found sellers visible at the top- the reaction after the up wave a large down wave.
2. Placed AVWAP at the beginning of the up-wave and waited for the price to cross downwards and the pull back so that AVWAP will act as resistance.
3. Pull Back to AVWAP came after some time
4. Price never breaks AVWAP upwards and it has hard time to move up - Abnormal SI of 4.9
5. Finally waited for a Plutus short signal and in this case it was a PRS.

Stop above AVWAP center line target at least 1:1.5

Enjoy!

Penafian

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