Litecoin: Potential Wyckoff Distribution Range

Here's a schematic I drew out replete with some volume spread reads which seem to indicate LTC may be fixing to distribute. If we rally above TRR we must take caution to ensure we are not buying into a liquidity grab before the LPSY dump. If you chose to swing this, the lower retracement levels are ideal profit-taking/selling opportunities; for longer-term hodlers they can serve as reliable DCA junctures.

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Not financial advice. Always DYOR & trade at your own risk.

Trade fechado: objetivo atingido:

1.272% Fibonacci wicked and then Liquidity Trap mitigated. Right on the money like clockwork. Good job!