$LTC - Trading Setup 🚀
He rescued the weak with a sharp decline and then stabilized around a clean base in the demand area 80.8-81.2. The important thing here is that sellers failed to extend the downside after the correction. Instead, the price maintains support and starts to turn upwards with higher lows, showing signs of absorption 💪.
_Technical Fundamentals_:
- _Stability After the Drop_: Stability after a sharp drop indicates accumulation of strength 🔄.
- _Sellers' Failure to Extend_: Sellers' failure to extend the downside indicates weak selling pressure ⬇️.
- _Absorption_: The price maintains support and begins to turn upwards, indicating a potential rebound 📈.
_Trading Setup_:
- _Entry Point_: 80.9 – 81.4 📍
- _Stop Loss_: 79.8 ⚠️
- _Profit Taking Targets_:
- _Target 1_: 82.5 🚀
- _Target 2_: 84.0 📈
- _Target 3_: 86.2 💥
_About the LTC Project_:
- LTC is a cryptocurrency created to provide fast and secure payment solutions 💸.
- The LTC project focuses on providing fast and low-cost transactions, making it a popular choice for users 💻.
_Trading Tips_:
- _Discipline_: Trading should be done with self-control and adherence to the setup 📝.
- _Risk Management_: A stop loss should be set to protect capital ⚠️.
- _Holding Above Support_: Support should be maintained to enhance the chances of success 🔮.
The currency shows potential for an upward movement with the possibility of a strong bullish move 🚀.