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Last chance for LTC bulls to escape?
$LTC /USDT - SHORT
Trading plan:
Entry: 44.50 – 44.62
SL: 45.12
TP1: 44.14
TP2: 43.86
TP3: 43.45
Why focus on this structure?
- On the 4-hour timeframe, the EMA is arranged bearishly; RSI is only 36.15, and selling pressure hasn’t been fully released.
- Once the 44.50 support level breaks, TP1=44.14 and TP2=43.86 will accelerate.
- SL at 45.12 is right at the prior dense zone; if it breaks, it would indicate a reversal, but the probability is only 5%.
Discussion:
Now, should we wait for LTC to bounce back to 44.62 and short there, or short directly all the way to TP3?