DewyCandles

LITECON UPDATE - SHORT SETUP

Short
DewyCandles Updated   
BINANCE:LTCUSDT.P   Litecoin / TetherUS PERPETUAL CONTRACT

now that daily bullish engulfing is what I have been expecting if this was going to be a wave 4-green Triangle. We now have a new invalidation level ($84.18) which presents us with a better risk reward ratio than before (3RR).

PREVIOUS ANALYSIS



OTHER ANALYSIS





Comment:
Kindly reduce risk by adjusting the stop loss to the previous swing high $83.46. That's the deal breaker for this position if it really wants to go the time is now. LTCUSDT
Comment:
Waiting patiently for this to either hit Take profit or stop loss (by the way the stop loss has been reduced to $83.4 reducing the risk drastically to 3.10% thereabouts.

This scenario below will be out next focus if the short setup fails and the spot bag we've been holding will cover up. LTCUSDT
Comment:
Trade closed: stop reached:
trade closed at -3.10% on LTCUSDT
this scenario seems likely now. We wait on our spot bag and we will recover the loss after all the spot bag is till in profit

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