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LTC Longs’ Last Chance to Escape?
$LTC /USDT - Short
Trading Plan:
Entry: 44.58 – 44.72
SL: 45.36
TP1: 44.12
TP2: 43.76
TP3: 43.23
Why focus on this setup?
- The daily chart trend is clearly bearish, and the 4h timeframe has a 95% confidence short signal
- The current price at 44.65 is pressing against EMA resistance, and the 15m RSI 57.92 is not overbought
- If support at 44.58 breaks, TP1 at 44.12 is only the starting point
Discussion:
Will this move reach TP2 at 43.76 first, or will it wick upward to bait longs before dumping?