Looking for possible short term trades to ride this correction.
looking at the current levels it might still be profitable to get in with a stop loss around 138. If it breaks past that point I think we're dropping to 125.
on the possitive side, if we're going back up we're looking at possible gains up to 180 if the crypto market tends to become bullish .
Else ( bearish crypto market) we might still ride this trend up to 163.
Wondering how this will work out!
looking at the current levels it might still be profitable to get in with a stop loss around 138. If it breaks past that point I think we're dropping to 125.
on the possitive side, if we're going back up we're looking at possible gains up to 180 if the crypto market tends to become bullish .
Else ( bearish crypto market) we might still ride this trend up to 163.
Wondering how this will work out!
However I don't think this momentum is sustainable and expect a drop back to 143-137 area.
Making this trade and selling at the bearish target, we would have made 16$ / LTC.
Looking forward to see what happens in the next hours!