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BitcornBen

Litecoin Trade Setup - Ascending triangle (5.77 RR trade)

Long
BitcornBen Updated   
BITMEX:LTCUSD   None
Trend Analysis Chart Patterns Technical Indicators Litecoin (Cryptocurrency) longsetup tradeidea trianglebreak Ascending Triangle
4
2
trendanalysis chartpattern indicator litecoin longsetup tradeidea trianglebreak ascendingtriangle
Trade Idea: LTC just broke out of a ascending triangle. Hoping that we get a wick down back into the triangle so I can get entry. Take profit zones marked

Reasons for trade: Breaking previous resistance, breaking out of ascending triangle

Trade confidence: 8/10 - low risk with a lot of potential upside

RR:

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Comment:
I shouldn't of been greedy and wait for a wick into the triangle. Price bounced perfectly off the top and is already at the second take profit!
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