LTC rallied over 44% since our last trade setup. Now, we’re looking for a re-entry opportunity as the broader crypto market shows signs of a potential pullback.
🔍 Setup Overview:
Entry Zone: $108 – $103
Take Profits: $125 / $140 / $150
Stop Loss: Daily close below $100
Bias: Bullish continuation (as long as structure holds)
🧠 Trade Idea:
Expecting a possible sweep of the $104 low before upside resumes. Key condition: Daily candle must not close below $100—wicks are fine. If price respects this level, the bullish structure remains intact.
This is a classic liquidity grab scenario. Entering in the $108–103 zone allows favorable risk-to-reward if LTC catches support and reclaims momentum.
⚠️ Invalidation:
If LTC posts a daily close below $100, trade setup becomes invalid. Monitor price action closely around this key support zone.
🔍 Setup Overview:
Entry Zone: $108 – $103
Take Profits: $125 / $140 / $150
Stop Loss: Daily close below $100
Bias: Bullish continuation (as long as structure holds)
🧠 Trade Idea:
Expecting a possible sweep of the $104 low before upside resumes. Key condition: Daily candle must not close below $100—wicks are fine. If price respects this level, the bullish structure remains intact.
This is a classic liquidity grab scenario. Entering in the $108–103 zone allows favorable risk-to-reward if LTC catches support and reclaims momentum.
⚠️ Invalidation:
If LTC posts a daily close below $100, trade setup becomes invalid. Monitor price action closely around this key support zone.
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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.
Related publications
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.