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LTC bulls' last line of defense? Once 43.74 breaks, it's a waterfall.
$LTC /USDT - Short SHORT
Trading Plan:
Entry: 43.65 – 43.83
SL: 44.56
TP1: 43.13
TP2: 42.72
TP3: 42.11
Why focus on this structure?
- 4-hour level bears dominate, 95% confidence SHORT signal triggered.
- 15-minute RSI is only 39.67, momentum continues to weaken, rebound is weak.
- Key resistance 43.74-43.83, TP1 target 43.13, TP2 directly to 42.72.
- Why now? 1-hour EMA death cross + daily bearish trend resonance, probability of breaking down is extremely high.
Discussion:
Will this wave reach TP2 first or bounce to lure longs? Do you place an order at 43.74 or wait for lower?