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Is LTC 47.09 the bottom or a relay?
$LTC /USDT - Go short SHORT
Trading plan:
Entry: 46.98 – 47.20
SL: 48.12
TP1: 46.32
TP2: 45.80
TP3: 45.03
Why focus on this structure?
- The 4H SHORT signal has been triggered. RSI 15M = 42.9 is weak, and the EMA bearish alignment has not been broken
- Key resistance at 47.20. If it can’t hold, it will likely test 46.32 (TP1) or even 45.80 (TP2)
- SL at 48.12, risk-reward is about 1:2, suitable for a light-position trade
Discussion:
In this move, will LTC first reach 45.80 and then rebound, or will it directly wick to 46.32 and V-reverse?