LONG Litecoin - Playing the Triangle Breakout
1 Hour triangle clearly forming on LTC.
I suggest waiting for a breakout either direction on high volume, my initial reaction is that LTC will breakout to the upside as we can clearly see last time we got a 4 Hour MACD cross after RSI reached oversold and Stoch RSI went from oversold to overbought we got a rally in LTC.
I am long a small amount of LTC and will add on the breakout or sell on the break down.
I suggest waiting for a breakout either direction on high volume, my initial reaction is that LTC will breakout to the upside as we can clearly see last time we got a 4 Hour MACD cross after RSI reached oversold and Stoch RSI went from oversold to overbought we got a rally in LTC.
I am long a small amount of LTC and will add on the breakout or sell on the break down.
Trade chiuso: stop raggiunto:
Stopped out at $41.20. Always follow your trading rules. Everything trade a probability bet, not a gamble.