piroozman

Set a Sell Stop Limit Order on the LITECOIN

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BINANCE:LTCUSDT   Litecoin / TetherUS
#LTCUSDT
Decreasing triangle pattern. There is a possibility of a complete exit from the floor of the triangle. It seems to be completing its pullback to the lost support in the three-hour time frame. you can enter it with the first confirmation candle (for a hammer candle preferably red color, or a Hangman candle, or a descending engulfing candle). Of course, there are many candle patterns that you can refer them. I emphasize; You have to wait for the confirmation candle and definitely after the candle closes. You can find better entry positions in lower timeframes, such as one hour or less. The Stop-Loss price is calculated using a ten-period ATR indicator with a coefficient of 3.5.
The profit limit is also set using Price Action and on the previous floor of this currency code.
Amount of 2 to 5 percent of capital.
Maximum margin 10 in isolation mode.

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