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LTC shorts have been lying in wait for a long time—who gets liquidated first this move?
$LTC /USDT - SHORT
Trading plan:
Entry: 45.42 – 45.56
SL: 46.13
TP1: 45.01
TP2: 44.69
TP3: 44.21
Why focus on this setup?
- On the 4-hour timeframe, the trend is clearly down; 95% confidence to short.
- RSI on the 15-minute chart is 54.82 and hasn’t hit oversold, so shorts still have room.
- Current price is 45.49; first target TP1 = 45.01, with a high risk-reward ratio.
- Why now? The 1D trend is bearish, the EMA system is suppressing price—any rebound is an entry opportunity.
Discussion:
Will this wave reach TP2 = 44.69 first, or will it be a bull trap and pull back?