LTCUSD.P Trade Direction:
LTC Long
Risk Management:
- Risk halved as weekend
- Risk is 0.5%
- Stop loss placed below recent swing low / invalidation level
Reason for Entry:
- H1 bullish divergence teasing. Not yet confirmed but I received a alert for its potential formation
- Trendline sweep and bullish reclaim (bear trap)
- H1 Hammer Candle
- H1 Ts
- H1 Trend is bullish and far more so then other coins = 0.5% risk
Additional Notes:
- Risk this is a Sunday scam move before further down. If its a bull trap I'm trapped for 0.5% risk.
- Potential that we trend up till NYO which supports my original idea on btc that we would trend higher on markets until btc reached 106,500 - 107,200
- Targeting upside around 106,500 to 107,200 on BTC when BTC enters that region i'll monitor LTC for TP Zone
- H4 candle overbought, monitoring structure closely
Trade active
Stops Breakeven secured some partials here up 2R.Not the strongest performing coin but it was a clean chart.
Note
Stops trailed to 86.65Note
Closed 50% here. locking in profits.Trade closed: target reached
Fully closed here. Locking in profits rather not see the rest potentially roundtrip.2.5R
Max move was 2.88R
Note
Well that was a baller move. Would have been trailed out now. Full review tomorrow.Note
Trade review: LTCMax Move +2.88R
Decent enough trade. Wanted it to move higher but market was stalling so ended up closing it and locking in profit.
Minutes later bearish news in regards to middle east conflict came out and market crashed.
This would have hit my Trailing stop = only a 1R Locked in gain
Overall happy with this trade, it was however one of the weakest movers of the day and not likely a coin I'll be trading for longs for in a while.
Market is heavily news driven and aggressive tps are the only way to trade this environment right now.
+2.42R
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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.
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.