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LTC at a mini trend line and support point

Atualizado

For those of you who missed our laddered buys, LTC is at this minor support point/trend line. If we hold here we should have a good move up.

Happy Trading,

-Sherem

Nota

Here's another view of why I am looking at a move up right now. If you look at the last consolidation area, it really chopped around before moving up. Which I imagine this thing will do for a while before breaking down again. Now, that being said, I am only entering a little bit more and having an independent trade from my ladders as I think this will go up to 107 at least before breaking down again.

I think the bull trap will be at the $112 area, not right now.

Nota

So we will get out between 107-112 depending on what happens

Nota

Early on my call, but getting the movement we were looking for now.

Nota

LTC broke up, I imagine we will get support here at this 97.50 level before we move up, or possibly $95 again.

Nota

I don't know if I would call this a flag? Or a megaphone type pattern? Interesting.

Nota

new update:

LTC Sideways chop and drop, similar to last time?

Sherem

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