Litecoin. Long position for short term trade.

KRAKEN:ZECUSD   Zcash / Dolar A.S.
Hello, I will try to do my first publication here. Actually this is my first analysis ever so I do not recommend to do the same =), but I appreciate your comments about this idea.

So I suppose we have Support Level at 221$ level as the price bounce from it for 2 times, also we can speak about local resistance that is demonstrated with black line on the chart.

So my idea is to open Long position and buy near 221$ level for TG1 on 246$ (I do not think that Litecoin will go up further during short term), just in case further up trend lets make TG2 and TG3 on 275$ and 310$.

According my opinion stop loss should be on 216$, cause on this level Support and Resistance will be broken and we will see down trend next.

As I said this is Short Term (1-2 days) strategy and I do not think that we go further by Local Resistance Line, that is why the stop loss level is not so deep.
Dagangan ditutup: hentian tercapai: The trade was closed because my stop loss was reached
Komen: Sorry but all this not about Litecoin, it is about Zcash.

One more thing I suppose that in this trade I set very tight Stop Loss level, also my trade has some difference with this one, as the chart is from Kraken and I trade on Bitfinex. On Bitfinex my stop loss was reached, on this chart not. During typing this comment (18:15), 216$ is Bitfinex price and 223 is Kraken price. Miracle, maybe...
Dagangan aktif: I suppose this Idea will work, so I will open long again with deeper stop loss 210$, other parameters are the same
Dagangan aktif: So it is look like my idea is working, maybe it's not so fast as I imagine... the real up trend starts with the up trend of other alt coins and some of them growth more rapid. Also I loose some money during my first attempt...

It's night in Moscow, so I set trailing stop order and go to sleep.
Dagangan ditutup: hentian tercapai: During my sleep the trailing stop activated
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikut Mesej Peribadi Sembang Daftar Keluar