Hello dear readers,
Litecoin has been going on a run for the past couple of months. The chart is looking oversold, perfect time to short.
We use bitmex.com to short crypto assets. We will be using the LTCH19 contracts.
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.
Enjoy
-Shaggad
Litecoin has been going on a run for the past couple of months. The chart is looking oversold, perfect time to short.
We use bitmex.com to short crypto assets. We will be using the LTCH19 contracts.
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.
Enjoy
-Shaggad