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LTC long-short battle—who will break the deadlock first?
$LTC /USDT - SHORT
Trading plan:
Entry: 46.99 – 47.15
SL: 47.88
TP1: 46.46
TP2: 46.06
TP3: 45.45
Why focus on this structure?
- On the 4-hour timeframe, the bearish signal is clear, with strong EMA suppression. Entry at 47.07, SL at 47.88, with risk under control.
- RSI on the 15-minute is 57.6; it’s not overbought, but the 1-hour trend is weak—waiting for a trigger.
- Why now? Within the daily consolidation range, the shorts are testing the key support at 46.46. A breakdown would accelerate to TP2 at 46.06.
Discussion:
Will this SHORT hit TP1 at 46.46 first, or will it be a bull trap rebound? Where are you setting your stop loss?