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Is LTC 45.16 the last line of defense for bulls?
$LTC /USDT - SHORT
Trade Plan:
Entry: 45.07 – 45.25
SL: 46.06
TP1: 44.49
TP2: 44.04
TP3: 43.36
Why is this structure worth watching?
- Daily trend is clearly bearish, with the 4-hour EMA resistance moving down.
- RSI on 15m is only 52.48, weak rebound, bears in control.
- Current entry at 45.16 is close to resistance, TP1=44.49, risk-reward ratio 2.5:1.
Discussion:
Will this move hit TP1 first and then accelerate downward, or will it bounce to lure bulls before dumping?