LTC short positions are in position—this waterfall drop, do you dare to follow?



$LTC /USDT - SHORT

Trading Plan:
Entry: 43.88 – 44.02
SL: 44.65
TP1: 43.42
TP2: 43.07
TP3: 42.54

Why focus on this structure?
- The 1-day trend is clearly bearish. The 4-hour EMA is suppressing and moving lower, and short-side momentum hasn’t run out.
- The RSI on the 15-minute chart is only 50.75—there’s no strength in the rebound. This is exactly the time to add positions.
- The current price is around 43.95. TP1 is 43.42, TP2 is 43.07, stop loss is 44.65, and the risk-reward ratio is as high as 3:1.

Discussion:
Do you think LTC will reach TP2 first and then bounce, or will it go straight to a stop-loss wick?
LTC1.04%
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