LTCUSDT - 1h Idea

18 Dis 2022

The idea of trading LTCUSDT on 1h. An attempt to exit up through a double bottom followed by a retest. It is advisable to put two stops, one below the retest, the second below the candle from which the breakup of the double bottom began. Take profits put at your discretion, observing PLN.
The disadvantage of the idea is that the breakup candle was on small volumes, but you can reset it for the weekend.

18 Dis 2022

Dagangan ditutup: hentian tercapai

Unfortunately, the idea didn't work out. If we analyze it, the main mistake was in the late signal, because the traders who entered the retest recorded a profit with PNL 1:1 taking 2%. I saw this fixation in terms of volumes, but I hoped for continued growth after the correction, especially since the main indicators pointed to the continuation of the local trend, but not this time....