oahmedk

LONG - LTCUSD - 1HR

Long
oahmedk Updated   
COINBASE:LTCUSD   Litecoin
PAIR:- LTCUSD
INSTRUMENT:- CRYPTO
POSITION:- LONG

STRATEGY:- Dow Theory + Candlestick Pattern

REASON:-
* Multiple hammers
* Trendline pattern started and not yet broken
* Bearish candles getting smaller and smaller (momentum loss) - Bulls are starting to step in

Entry @ CMP
Take Profit @ 56.02
Stop loss @ 51.37

Risk to Reward:- 2:1
Trade closed: stop reached:
Stop loss reached.

Learning Outcome:- (will be updated soon)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.