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Everyone’s eyeing LTC’s pump—but the data says this is a trap, not a breakout.
$LTC /USDT - SHORT
Trade Plan:
Entry: 42.64 – 42.94
SL: 44.20
TP1: 41.73
TP2: 41.02
TP3: 39.96
Why this setup?
- 95% confidence SHORT with bearish daily trend confirms downside pressure.
- RSI on 15m is at 63.27 (overbought) while 1h EMA shows resistance at 42.79.
- If we reject here, TP1 at 41.73 is the first domino—no need to wait for TP3.
Debate:
Are you shorting this rejection or waiting for a fakeout above 43?