$LTC is at 95% of its 24h range. thatโs not a breakout, itโs a trap waiting to snap back.
Price hugged the high at $51.8900 but closed at $51.8100. weak follow through.
Volume is 1.3x weekly average, but RSI at 59 shows no exhaustion yet.
Last 1h swing low at $50.2000 is just 3.1% down. stop is tight, risk is cheap.
Tap
$LTC and look at the last 24 hourly candles, the level is right there.
๐ฏ Entry: $51.4911 to $51.8897
๐ Stop: $49.9343
โ
TP1 / TP2 / TP3: $54.6236 / $56.4993 / $59.3129
If it closes below the stop you are out, no arguing with it.
Breakdown below $50.2000 kills this instantly. this is a watch, half size at most.
TP2 sits above the 7 day high at $55.2700 where sellers are waiting.
Taking it at the entry zone, or waiting for a dip?
๐ My log, last 7d: 17 calls closed, 4 hit a target, 13 stopped. Net -3.3R, losses included.
Binance data as of 17 Sep 01:10 UTC. Not financial advice.
#LTC #TradingSetup