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Beginners
Long position VS. short position: Which one is better?
In the world of trading, understanding the concepts of long and short positions is crucial for making informed decisions. A long position involves buying an asset with the expectation that its value will rise, while a short position entails selling an asset you don't own, betting that its price will fall.
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Leverage is a fundamental concept in financial trading,allowing traders to control larger positions with a smaller amount of capital. While it can amplify potential profits, leverage also significantly increases the risk of losses, making it a powerful but double-edged sword.
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Litecoin Intraday: under pressure below 85.4
Litecoin (LTC/USD)
-0.36-0.43%
under pressure below 85.4.
Our pivot point stands at 85.4.
Our preference: under pressure below 85.4.
Alternative scenario: the upside breakout of 85.4, would call for 88 and 89.6.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 83.7 and 83.5).
Supports and resistances:
89.6 **
88.0 *
85.4 **
84.4
83.3 last
80.2
78.6 **
77.1 *
75.5 **
Our preference: under pressure below 85.4.
Alternative scenario: the upside breakout of 85.4, would call for 88 and 89.6.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 83.7 and 83.5).
Supports and resistances:
89.6 **
88.0 *
85.4 **
84.4
83.3 last
80.2
78.6 **
77.1 *
75.5 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
