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【$LTC Signal】1H short momentum continues, Bollinger lower band opening
$LTC 1H MACD green bars keep shortening, RSI 42 enters the weak zone, and sell-side orders dominate. The 4H Bollinger band middle rail is breached, and the price slides toward the lower band at 45.56. Buy depth is weaker than sell depth; the Bid/Ask ratio 1.02 has turned negative. In the short term, shorts are in control, and the risk-reward ratio is still acceptable.
🎯 Direction: Go short
⚡ Entry/Orders: 46.8391 - 46.9800
🛑 Stop loss: 47.4498
🚀 Target 1: 46.2753
🚀 Target 2: 45.9230
🛡️ Trade management: - Execute strategy: after reaching target 1, cut 50% of the position and move the stop loss up to breakeven. If the price drops back to the entry level, exit automatically to protect principal.
Three consecutive 1H bearish candles breaking through the EMA20. The funding rate of 0.0087% is neutral-to-low, with no risk of a short squeeze. On 4H, the MACD fast line is about to cross below the zero axis, accelerating the approach of the signal.
Check real-time market 👇 $LTC
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