Is the last line of defense for LTC bulls at 44.3?
$LTC /USDT - Short SHORT
Trading Plan:
Entry: 44.6 – 44.8
SL: 45.6
TP1: 44.0
TP2: 43.6
TP3: 42.9
Why focus on this structure?
- 4h level bearish dominant, 1D trend clearly downward, 95% confidence supports SHORT.
- RSI 15m only 39.57, weak rebound, bearish momentum not exhausted.
- ATR 1h 0.38, moderate volatility, current 44.7 is the ideal entry zone.
- Why now? TP1=44.0 is close at hand, high probability of accelerating to TP2=43.6 after breaking below.
Discussion:
Will this wave first test 44.0 and bounce, or directly waterfall to TP3?