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The last escape window for LTC longs?
$LTC /USDT - SHORT
Trading Plan:
Entry: 44.23 – 44.43
SL: 45.26
TP1: 43.63
TP2: 43.17
TP3: 42.48
Why focus on this structure?
- 4H bearish confirmation, 1D trend clearly downward, RSI on 15min has dropped to 28.14 oversold zone.
- Current price 44.33, exactly the main plan entry point, short stop loss 45.26, risk-reward ratio over 1:2.
- Why now? Oversold bounce is weak, bearish momentum not yet unleashed, TP1 (43.63) is within reach.
Discussion:
Is this wave first a bounce to trap bulls then a dump, or a direct breakdown to TP2?