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LTC short signal at 95%. Will this move break below 44?
$LTC /USDT - SHORT
Trading plan:
Entry: 45.37 – 45.51
SL: 46.08
TP1: 44.96
TP2: 44.64
TP3: 44.16
Why focus on this structure?
- On the 4-hour timeframe, it’s clearly bearish; the 1D trend is downward, with clear EMA suppression.
- RSI on the 15m is neutral to weak around 56; the rebound lacks strength, and shorts are building up.
- ATR on the 1h is only 0.26; after volatility tightens, it will most likely break downward.
Discussion:
Will this first reach TP2 at 44.64, or is it a short-bait rebound that sweeps the stop-loss?