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Is the LTC long about to fail at 44.66? This SHORT signal is already locked in
$LTC /USDT - Short SHORT
Trading plan:
Entry: 44.60 – 44.72
SL: 45.22
TP1: 44.24
TP2: 43.95
TP3: 43.53
Why focus on this structure?
- On the 4-hour timeframe, the trend is clearly downward; on the daily chart, it’s bearish, with bears in control.
- The 15-minute RSI is only 40.03, with weak momentum and limited room for a rebound.
- The current price at 44.66 is right under EMA pressure; if 44.51 support breaks, it will accelerate toward TP1 at 44.24.
- Why now? The short-term rebound lacks strength, and the bears’ pressure is strong—this entry point is precise.
Discussion:
Will this wave reach TP2 at 43.95 first, or will it be a bull-trap rebound up to 45.22?