Resistance held and LTC is likely to go back down to 30's.
Entry: 44 $ - 45 $
Stop Loss: aggressive 46 $ - safe 48.5 $
Short Target: aggressive 30 $ - safe 35 $
Rsik 0.2-0.8 % risk (Personal preference, but over 1% is very high)
Timeframe: Days - Week.
This is only my opinion. Don't move or ignore the Stop Loss, you will end up doing a mistake.. Take the trade, Set target, Set Stop Loss, forget about the trade and come back in a week with either a Loss of 0.8% or a Profit of ~2-8 % (Depending Position size relative to Stop Loss). Waiting is the hard part.
Naturex
Entry: 44 $ - 45 $
Stop Loss: aggressive 46 $ - safe 48.5 $
Short Target: aggressive 30 $ - safe 35 $
Rsik 0.2-0.8 % risk (Personal preference, but over 1% is very high)
Timeframe: Days - Week.
This is only my opinion. Don't move or ignore the Stop Loss, you will end up doing a mistake.. Take the trade, Set target, Set Stop Loss, forget about the trade and come back in a week with either a Loss of 0.8% or a Profit of ~2-8 % (Depending Position size relative to Stop Loss). Waiting is the hard part.
Naturex