📈 $LTC /USDT
📌 Proposed Order (1H frame):
• Entry: 88.90 – 89.10 (watch for pullback to Tenkan area + nearby candle low)
• Take Profit (TP): 91.00
• Stop Loss (STL): 88.00
🧠 Explanation:
LTC has broken out of a 2-day accumulation zone and has surged past the Ichimoku cloud with strong buying momentum (Delta +50.163K). However, the total breakout volume (449K) is not significantly higher than the previous distribution zone (915K), indicating that buying pressure is still cautious.
MACD continues to trend upwards and the histogram is slightly expanding in green, suggesting that the bullish momentum is being maintained. The price is currently experiencing a slight pullback towards the thin cloud – this area could act as support, suitable for buying if a confirming candle appears.
Good Scenario: Wait for the price to retest the area around 89.0 – if it holds and a strong green candle appears, a trade can be entered in the direction of the breakout.
📎 Hashtags:
