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LTC's $44 support - a gift or a trap?
$LTC /USDT - Short SHORT
Trade Plan:
Entry: 44 – 44
SL: 45
TP1: 43
TP2: 43
TP3: 43
Why watch this structure?
- Daily trend is clearly bearish, 4H SHORT signal, 95% confidence.
- RSI 15min at 52.31, not in oversold zone, weak rebound.
- Current price around 44. Once it breaks down, next stop is TP1 at $43.
- ATR 1H at 0.293, moderate volatility, suitable for short-term pullback plays.
Discussion:
Do you think LTC will first bounce to 45 tonight and then fall, or break 44 directly to the downside?