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LTC bulls’ final stubbornness? Anything below $47 is a trap.
$LTC /USDT - SHORT sell
Trading plan:
Entry: 46.87 – 47.05
SL: 47.80
TP1: 46.33
TP2: 45.91
TP3: 45.28
Why watch this structure?
- 4-hour SHORT signal; RSI on the 15m timeframe is weak-neutral at 52.7, with bearish momentum building.
- The 1D trend is ranging; 46.96 is the current key resistance. If it breaks below 46.87, shorts will directly take off.
- Why now? 46.96 has been rejected multiple times; EMA suppression is clear. TP1 targets 46.33, TP2 targets 45.91.
Discussion:
Will this move first spike down to 45.91 and then rebound, or will it drop straight to 45.28 like a waterfall? Which side are you on?