Litentry at Support and about to Breakout of the Downward Trend Line
Current Price= 0.00016299
Buy Entry= 0.00016000 - 0.00017500
Take Profit= 0.00019773 | 0.00022165 | 0.00024613
Stop Loss= 0.00013225
Risk/Reward= 1:0.8 | 1:1.5 | 1:2.1
Expected Profit= +15.32% | +29.64% | +43.63
Possible Loss= -21.91%
Estimated Gain-time= 1 month
use Maximum 10 % of the Account
LIT BTC continue with a nice bullish trend as other defi assets, respecting support and resistance confluent with fibs.
RSI seems bottomed at this timeframe with space to go up.
Notice a couple of deviations from the levels in red.
Looks like a good risk reward ratio long to me, stop could be wider of course due to wicks.
Possible break of the downward wave resistance. Retesting trend, watching for resumption for further accumulation.
Price action looks positive, market sill holding upward trajectory. Up, #X, Breakdown 33% drop although I've seen plenty drift sideways at this stage.
Best, Hard Forky
