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LTC bulls’ final wild party? 4-hour timeframe has already turned red
$LTC /USDT - go SHORT
Trading plan:
Entry: 44.63 – 44.75
SL: 45.28
TP1: 44.24
TP2: 43.95
TP3: 43.50
Why focus on this setup?
- The 1-day trend is clearly bearish, 4-hour EMA resistance is obvious; RSI (15m) is only 58.35, rebounds are weak
- Current entry at 44.69, TP1 44.24 and TP2 43.95, stop loss 45.28, risk-reward ratio above 1:3
- Short-side confidence is 95%; going long against the trend is like catching a falling knife
Discussion:
Will this LTC move reach TP2 first, or will it be a bull-trap rebound? Drop your position direction in the comments section