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LTC bulls beware! 4-hour level 95% win rate SHORT signal triggered
$LTC /USDT - SHORT
Trading Plan:
Entry: 44.24 – 44.44
SL: 45.27
TP1: 43.65
TP2: 43.18
TP3: 42.49
Why pay attention to this structure?
- RSI 15min has dropped to 28.62, oversold but not reversed, bearish momentum still being released
- 1-day trend clearly bearish, 4-hour EMA lines bearish arrangement, bounces are shorting opportunities
- Current entry around 44.34, TP1=43.65, TP2=43.18, risk-reward ratio over 2:1
- Why now? Low RSI does not mean bottom, with trend inertia the probability of further decline is higher
Discussion:
Do you think LTC will first reach TP2 43.18, or trap bulls and bounce to SL 45.27?