LTCBTC has been trading within a downtrend channel, with the price nearing the bottom side of this channel. Despite the prevailing downtrend, there are signs of a potential correction. A bullish divergence pattern is forming, indicating a weakening bearish momentum and a possible trend reversal.
Given these observations, we are considering initiating accumulation from the provided accumulation zone. This zone serves as a strategic entry point to accumulate LTCBTC at favorable prices. To manage risk, a stop loss of approximately 20% below the accumulation zone is recommended.
Once LTCBTC begins to show signs of upward momentum, the profit-taking strategy can be initiated. The initial profit-taking area starts from the immediate resistance level and extends towards the important sell-off zone.
It's important to exercise patience, as the anticipated movement may unfold gradually rather than rapidly. We should refrain from expecting immediate results and maintain a longer-term outlook.
Your insights and feedback on this analysis are welcome.
Thank you.
Given these observations, we are considering initiating accumulation from the provided accumulation zone. This zone serves as a strategic entry point to accumulate LTCBTC at favorable prices. To manage risk, a stop loss of approximately 20% below the accumulation zone is recommended.
Once LTCBTC begins to show signs of upward momentum, the profit-taking strategy can be initiated. The initial profit-taking area starts from the immediate resistance level and extends towards the important sell-off zone.
It's important to exercise patience, as the anticipated movement may unfold gradually rather than rapidly. We should refrain from expecting immediate results and maintain a longer-term outlook.
Your insights and feedback on this analysis are welcome.
Thank you.
交易开始
交易开始
Price still stays within the accumulation zone; we can keep picking our coins.注释
LTC/BTC is in a long-term downtrend but has entered an accumulation zone. The zone holding firm with good bounce.
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📢 Follow Only Official Links – Trade Smart, Stay Safe
🔹 Main Channel: t.me/+m0IACMn0ul03OTFk
🔹 Forex Zone: t.me/+piiPgrNtrulkNDk0
📩 For Promotions, Advertisements & Partnerships: @WESLAD
🔹 Main Channel: t.me/+m0IACMn0ul03OTFk
🔹 Forex Zone: t.me/+piiPgrNtrulkNDk0
📩 For Promotions, Advertisements & Partnerships: @WESLAD
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。