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LTC short signal 95%. Is this drop below 44 just the beginning?
$LTC /USDT - SHORT
Trading plan:
Entry: 44.64 – 44.74
SL: 45.17
TP1: 44.33
TP2: 44.09
TP3: 43.74
Why focus on this structure?
- On the 4-hour timeframe, shorts are dominant; the 1-day trend is clearly downward.
- RSI on the 15m is only 56; rebounds are weak, with clear EMA suppression.
- Current entry is 44.69, TP1 44.33, TP2 44.09, stop loss 45.17.
- Why now? RSI hasn’t reached overbought and the bearish momentum hasn’t been exhausted—follow the trend.
Discussion:
Do you think it will reach TP2 first, or is it a stop-run rebound? Where are you placing your orders?