LTC/USDT 45.1 - Bear Trap or Golden Entry?



$LTC /USDT - SHORT

Trade Plan:
Entry: 45.0 – 45.2
SL: 46.0
TP1: 44.4
TP2: 43.9
TP3: 43.2

Why focus on this structure?
- Bearish signal on the 4-hour level, clear downtrend on the daily, 95% high confidence for SHORT
- RSI (15-minute) at 61.92, nearing overbought zone, short-term rebound momentum fading
- ATR (1-hour) at 0.395 shows moderate volatility, entry at 45.1 against resistance, TP1 at 44.4 gives 1.5% room
- Why now? Price is running below the EMA, a rebound to the key level of 45.1 is a typical second confirmation sell point

Discussion:
Will it first hit TP2 at 43.9, or fake out and pull back to 45.8?
LTC-2.07%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned