I have been tracking $LTC since last week and now price is actually sitting right at our short zone. Here is the trade.
Entry: 43.87-44.133
TP1: 43.122
TP2: 42.682
TP3: 42.242
SL: 44.429
This one rallied into resistance on thinning volume, the kind of push that looks strong but has nobody real behind it. Buyers showed up late and got trapped right under the level.
Risk here is tight against SL and the setup is giving a clean 3 to 1 down to TP3. Structure above is heavy, sellers have defended this zone before.
You shorting the pop or waiting for it to break down first?
DYOR fam.
$LTC $BTC
Entry: 43.87-44.133
TP1: 43.122
TP2: 42.682
TP3: 42.242
SL: 44.429
This one rallied into resistance on thinning volume, the kind of push that looks strong but has nobody real behind it. Buyers showed up late and got trapped right under the level.
Risk here is tight against SL and the setup is giving a clean 3 to 1 down to TP3. Structure above is heavy, sellers have defended this zone before.
You shorting the pop or waiting for it to break down first?
DYOR fam.
$LTC $BTC