On the daily timeframe it broke the support level for a liquidity sweep, and took some of the stop losses of early buyers, then went back inside the trendline, and made a retest to the support level.
This in short indicates a short buy.
💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥 🪂 What’s Next? BUY ZONE: Look for an entry around the point 93.530. WHEN the price goes back there for a retest, it will be a solid buying point .
Target: Keep an eye on 129.001 as potential TP levels.
Stop Loss: Protect yourself with a stop loss around 86.680. This will limit losses if the market moves against your position.
➡️ Why It Matters: The liquidity sweep wiped other people's accounts. This is an opportunity for a re- entry and to recover some lost funds.
NOTE: The market is volatile, so make sure you enter, at the right point, and make sure your account is enough to handle any of the floating loss.
✨ Be alert and trade smart, PRACTICE PROPER RISK MANAGEMENT.
#Litecoin
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