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Is LTC long’s last chance to escape?
$LTC /USDT - Sell SHORT
Trading plan:
Entry: 44.49 – 44.63
SL: 45.19
TP1: 44.09
TP2: 43.77
TP3: 43.30
Why focus on this structure?
- 4-hour EMA bearish arrangement, daily trend clearly bearish, 95% probability of a drop
- RSI on 15 minutes is only 51.29, rebounds lack strength, shorts are building up
- ATR 1h is 0.26, volatility is tightening, a breakout is imminent, and the current 44.56 is the best entry
Discussion:
Will this move hit TP2 at 43.77 first, or will it be a bull trap that pulls back to hit the stop loss at 45.19?