Litecoin (LTCH19) Can It Be Shorted? 20X Lev on BitMEX

Litecoin (LTCH19) Hit overbought on the RSI and I am looking at a double top.

The signals are clear to me that a drop is coming.

Note: Trade at your own risk, this is not a trade. My trades for BitMEX have buy in, target, stop loss, capital allocation, time frame and additional details.

Hit LIKE if you would like to see a full trade.

Thanks a lot for the amazing support.

Namaste.

Comment:

This set up is very similar to the following one, which generated over 90% profits in a few short hours:

Comment:

I believe we can go lower. Our LTCH19 SHORT already generated 50% ROE.

Comment:

Remember to hit LIKE on these trade ideas for full trade (buy in, targets, stop loss, ROE, capital allocation and more).

Thanks for the support.

Comment:

Full trade (buy in already gone, this is just an example of our BitMEX trades. I share these when enough people are interested... You can show your interest by hitting LIKE when I share these trade ideas).

Thanks a lot for the support.

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Trade: SHORT LTCH19

Leverage: 20X

Buy In: 0.00955 – 0.00964

Time Frame: 4H

Targets:

(1) 0.00935 -Reached
(2) 0.00921
(3) 0.00908
(4) Hold…..

Stop Loss: Close 4H candle above 0.00979

Liq. Price: 0.00988

Profit Potential: 113% ROE

Capital Allocation: <3%.
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Namaste.

Trade closed manually:

Conditions are changing and I see more of a breakout to the upside. Only if the overhead resistance can't be broken, additional bearish action can be expected.

But for now, short term, Litecoin (LTCH19) is now trending up.

We close this trade and wait for a better set up.