Strategy: buy n a dip after bullish breakout
Litecoin/Bitcoin has been consolidating after a downtrend. It turned out this consolidation range could be a price bottom for the short to medium-term.
- The 1H chart shows the bullish breakout.
- I am now waiting for price to pullback to the 0.0080 BTC level.
- Also would like to see the RSI in the 1H chart fall back to the 40-50 area.
- A stop will be below 0.0076 (around 7% risk)
- Targets will be around 0.0090 (12.5%) and 0.0100 (25%)