LTCUSDT - Waiting for a breakout. Short scalp or big pump?
Updated
Watching this closely. If the upper trendline gets broken, you should be carefully watching how the price reacts to the resistance.
I will be scaling into this trade incrementally:
First small entry: When price breaks out.
Second entry: When price successfully retests a critical area. (Either first breakout resistance or target line if its also gets broken)
Good luck trading!
I will be scaling into this trade incrementally:
First small entry: When price breaks out.
Second entry: When price successfully retests a critical area. (Either first breakout resistance or target line if its also gets broken)
Good luck trading!
Trade active
Got my entry at the breakout area.If price goes straight to the target and struggles with the resistance Ill probably TP and search for another decent opportunity to enter.
Note
The following candles got eaten up nicely, which also prevented a break of the uptrend. I think price will go further than the given target.Trade closed: stop reached
Idea got invalidated as the trend couldnt hold. This is a good example why we should scale into a position instead of shooting our whole ammunition into an entry. Risk management comes always first.
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