Saturday Morning Litecoin Long ☀️
Hey guys,
One of the advantages of trading crypto is that the market is not only open 24 hours a day, but also open 7 days a week. Yep, crypto is open on Saturday and Sunday.
Between both Steemit and day trading, this 24/7 world of crypto that is now available to us has completely changed how my weeks are structured. No longer are weekends a true break, which can be seen as both a good and bad thing.
So here I am sitting down on a Saturday morning, going through my charts like any other day, searching for markets that have dipped into higher time frame support zones and are therefore in play.
Enter Litecoin:
LTC/USD Daily
While not quite having reached that older daily support zone, you can see that price has pulled back into support formed from that most recent swing low.
With that putting Litecoin in play for longs, I then step down into an intraday chart to look for an entry:
LTC/USD Hourly
The hourly shows a nice intraday retest of short term resistance turned support. This is your entry and zone to manage your risk around.
Enjoy your Saturday!
✌🏻.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Instagram: @forexbrokr
Some day I'd love to know how to day trade @forexbrokr :)
I can show you how to take profit and day trade every day it is not simple but you can learn @steemitqa
Why some day? Why not today?
Send me a DM on Twitter. I’d be happy to point you in the right direction to get you started.
What do you use for charts and what exchanges do you use primarily @forexbrokr?
Hey mate, I use a few depending on whether I’m investing longer term or day trading.
Send me a DM on Twitter and I’ll go through in more detail with you if you’d like?
sounds like yes for the litecoin to enter that buying zone.