Low probability, high reward, low risk LTC / USD set up

Short term resistance level on the 1D has been hit and has acted as support, with the 25 MA also adding support at the same level. There has been a large sell of recently of LTC / USD and one would expect a bounce here. A trend of repeated higher lows also adds confluence and a level of support, so a bounce seems imminent. There are no strong resistance levels near to this level, so the potential upside may be larger than the first level indicated. Entering Trade here.

Comment:

Trade stopped out. Shame as move up followed.