$LIT short: price sits at 3.52 resistance on the 4H.
Reject 3.52 → 3.44, then 3.40.
Reclaim 3.59 → the idea is off the table.
I want to see sellers lean on this level, not a grind through it.
Why this level:
- 4H price 3.51 below EMA50 3.90, trend structure still favors sellers
- Risk 2.1% to SL vs 3.3% to TP3, about 1.6R if the full move plays out
- 1H RSI 24, already oversold, not a drop to chase
🔴 SHORT · Entry 3.508–3.520 · TP 3.470 / 3.441 / 3.397 · SL 3.588
NFA · DYOR
Reject 3.52 → 3.44, then 3.40.
Reclaim 3.59 → the idea is off the table.
I want to see sellers lean on this level, not a grind through it.
Why this level:
- 4H price 3.51 below EMA50 3.90, trend structure still favors sellers
- Risk 2.1% to SL vs 3.3% to TP3, about 1.6R if the full move plays out
- 1H RSI 24, already oversold, not a drop to chase
🔴 SHORT · Entry 3.508–3.520 · TP 3.470 / 3.441 / 3.397 · SL 3.588
NFA · DYOR
