Litecoin Bull Run Finally Over??? [Easy 30.45% ROE Trade] (5x)

Hello dear readers,

Welcome to another trade, please leave a like or comment to keep these free high quality bitmex signals coming!

Litecoin has been on a run for a while now. It looks like it might be time to add to some shorts! Plus the LTCH19 contracts expire on March 29, which will lower the prices.

Enjoy

Trade Instructions

Trade: SHORT LTCH19

Current Price: 0.01480

Time Frame: 4 hour

Leverage: 5x

Buy in: 0.01475 - 0.01480 - 0.01485

Take Profits:
1. 0.01462
2. 0.01447
3. 0.01428
4. 0.01389

Stop Loss: 0.01617

Estimated Liquidation Price: 0.01753

Profit Potential: 30.43% ROE

Capital Allocation: <8%

Reasons for this trade:

MFI trending down on 1D time frame,
Overall trade volume lowering (low amount of buyers)
Easy short.

What is your opinion?

-Shaggad