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LTC 4-hour bearish signal has been activated—how far will this drop?
$LTC /USDT - Short SHORT
Trading plan:
Entry: 46.74 – 46.94
SL: 48.10
TP1: 45.89
TP2: 45.26
TP3: 44.32
Why focus on this structure?
- Currently LTC is around 46.84; the 4-hour EMA dead cross + the 15m RSI is neutral to weak (53.79), and bearish momentum is building.
- Take-profit targets: TP1 45.89, TP2 45.26; if the 1-day trend stays ranging, downside could be seen as low as 44.32.
- Why now? The entry zone 46.74–46.94 has already triggered, and the stop loss at 48.10 is clear—risk-reward is above 1:3.
Discussion:
Will this hit TP2 first, or will it fake a breakout with a rebound before dumping again?