LTCUSD with the third rebound on ascending support line.
LTCUSD chart on 4h time frame showing us
the third rebound on ascending support line (Same as the 1D chart). Also, the confirmation signal emerge with a small bullish rebound on support line. Therefore, in my opinion 186USD will be the good enter price for long with SL around 170USD and TP around 215USD ( 1.27 Profit-loss ratio ).Price around 215USD will be the conservative profit area since the lower high gradually form.
Lastly, remind you that since the market full of ambiguity, "100% winning technique" does not exist. A good price action analysis will also didn't work sometimes. But if you win trades more than the lose then your account will gain profit,and a good analysis system with disciplined SL/TP will bring you in this case. Good luck for you all!
the third rebound on ascending support line (Same as the 1D chart). Also, the confirmation signal emerge with a small bullish rebound on support line. Therefore, in my opinion 186USD will be the good enter price for long with SL around 170USD and TP around 215USD ( 1.27 Profit-loss ratio ).Price around 215USD will be the conservative profit area since the lower high gradually form.
Lastly, remind you that since the market full of ambiguity, "100% winning technique" does not exist. A good price action analysis will also didn't work sometimes. But if you win trades more than the lose then your account will gain profit,and a good analysis system with disciplined SL/TP will bring you in this case. Good luck for you all!