The price is pulling back right now. I expect it to retrace to LTFS1 and then bounce from there. Therefore, a long is favorable from LTFS1 support. Next support is LTFS2 which is a bit stronger. In case the price retraces further, that would be another level to go long. However, as mentioned, I expect the price to bounce from LTFS1 itself. The target of the trade should be around 0.8176
Trade closed: target reached:
The price pulled back overnight to our desired support level and entry for the long trade. And as per our expectation, it bounced from there only to reach the target of our long trade 0.8186. After that the price is pulling back again. This is a trending coin and has a lot of volatility and therefore preferred for the trading. Anyways, this concludes this trade idea and we look for the next setup on this one in the next post.
