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LTC 46.76 short positions are in place — who’s following?
$LTC /USDT - SHORT
Trading plan:
Entry: 46.68 – 46.84
SL: 47.53
TP1: 46.18
TP2: 45.80
TP3: 45.22
Why watch this structure?
The 4H trend is bearish. The 15m RSI is in a weak zone at 43.62. The 1h ATR is only 0.31, with volatility tightening. A short-term rebound has no strength, and bearish momentum is building.
Discussion:
Will TP1 at 46.18 hit first, or is it bait to lure shorts into a trap?