Long
LITUSDT
Price formed a double bottom at the 50% fibonacci retracement price zone of the A-B impulse move before breaking through the $14.2800USDT resistance level.
Increased volume and upside momentum makes this look like a high probabilty trade with take profit levels the height of the double bottom which also sees confluence with the Febuary 14th upper trendline, and 161.8% fibonacci extension.
Increased volume and upside momentum makes this look like a high probabilty trade with take profit levels the height of the double bottom which also sees confluence with the Febuary 14th upper trendline, and 161.8% fibonacci extension.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.