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LTC bulls’ last chance to escape?
$LTC /USDT - going short SHORT
Trading plan:
Entry: 44.81 – 44.91
SL: 45.37
TP1: 44.47
TP2: 44.22
TP3: 43.83
Why focus on this setup?
On the 4-hour timeframe, the trend is clearly down. RSI (15m) is only 28.78—oversold, but not reversed. The daily chart remains bearish, and the downside momentum hasn’t been fully released. Current price 44.86 is tightly under EMA resistance. Below are TP1=44.47 and TP2=44.22, with a reward-to-risk ratio exceeding 2:1.
Discussion:
Will this move dump first to TP2 and then rebound, or will it spike down and then snap back up?