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Is the last carnival of the LTC bulls? This short-signal move is fully loaded.
$LTC /USDT - Short SHORT
Trading plan:
Entry: 46.8 – 47.0
SL: 48.2
TP1: 45.9
TP2: 45.3
TP3: 44.4
Why focus on this structure?
Why now?
- On the 4H timeframe, the bearish signals are clear; the 15-minute RSI is only 54.27, and the rebound lacks strength.
- The key resistance 46.9–47.0 is densely packed; down targets are TP1=45.9, TP2=45.3, with the stop-loss set at 48.2.
- If it breaks below 45.3, the bearish setup is confirmed and the reversal signal fails.
Discussion:
Will this bearish move hit TP2 first, or is it a bull-trap for a fakeout?