$LTC/BTC 12h (Binance Spot) Descending wedge on support

26 בפבר׳ 2021

Litecoin is accumulating in satoshi and could bounce in the weeks to come!

Current Price= 0.003675
Buy Entry= 0.003679 - 0.003605
Take Profit= 0.004116 | 0.004533 | 0.005349
Stop Loss= 0.003345

Risk/Reward= 1:1.6 | 1:3 | 1:5.75
Expected Profit= +13.01% | +24.46% | +46.87%
Possible Loss= -8.15%

Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 months

8 במרץ 2021

עסקה פעילה

All entries filled

Litecoin dipped a bit more than planned, but still looking good to me.

8 במרץ 2021

הערה

Still ranging and accumulating

Litecoin made an attempt to go up but was rejected and back to entry zone, I am manually adding here!

13 במרץ 2021

הערה

Finally moving up

Litecoin bounced at last, let's see if it can break above 50MA soon.

23 במרץ 2021

הערה

And got rejected again

Litecoin did not manage to break-out yet and that lead it to more local downtrend.
Now sitting wedge support, we decided to update SL a bit lower to avoid a long squeeze on a possible fake-out!

Stop Loss= 0.003262
Risk/Reward= 1:1.25 | 1:2.34 | 1:4.49
Possible Loss= -8.15%

8 באפר׳ 2021

עסקה סגורה: היעד הושג

TP1 reached with +13.01% (1x) and +0.73R

Litecoin dipped further more, I had to updated SL lower to avoid Stop hunt.
Then it finally pumped to first target and seems to be up-trending at last!

16 באפר׳ 2021

עסקה סגורה: היעד הושג

TP2 reached with +24.46% (1x) and +1.37R

Litecoin kept going up and broke bullish of the wedge, last target is likely to be hit.