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LTC just flashed a 95% confidence short signal—are you still holding longs?
$LTC /USDT - SHORT
Trade Plan:
Entry: 45.5 – 45.7
SL: 46.5
TP1: 44.9
TP2: 44.5
TP3: 43.9
Why this setup?
Why now?
• 4H trend is bearish, and the 1D bias confirms downside pressure.
• RSI on 15M sits at 47.15—neutral but leaning weak, no oversold bounce yet.
• ATR on 1H shows tight volatility (0.36), suggesting a breakout is imminent—downward.
• Entry zone at 45.6 with TP1 at 44.9, TP2 at 44.5—tight risk-reward for a quick scalp.
Debate:
Would you short LTC here, or wait for a retest of 46.5 to short with a tighter stop?