$LIT short: sellers' line is 3.69 on the 4H.
I'm watching the 3.654–3.686 zone. If sellers step in here and price rolls over, I'd rather wait for that than chase. Above 3.86 and the idea is done.
What I'm seeing:
- 4H price 3.67 below EMA50 3.82: trend structure still favors sellers
- BTC short-term trend bearish, a tailwind for this idea
- Risk 5.2% to SL vs 8.3% to TP3, about 1.6R if the full move plays out
🔴 SHORT · Entry 3.654–3.686 · TP 3.555 / 3.479 / 3.364 · SL 3.861
Rejection at 3.69, or a push through 3.86?
NFA · DYOR
I'm watching the 3.654–3.686 zone. If sellers step in here and price rolls over, I'd rather wait for that than chase. Above 3.86 and the idea is done.
What I'm seeing:
- 4H price 3.67 below EMA50 3.82: trend structure still favors sellers
- BTC short-term trend bearish, a tailwind for this idea
- Risk 5.2% to SL vs 8.3% to TP3, about 1.6R if the full move plays out
🔴 SHORT · Entry 3.654–3.686 · TP 3.555 / 3.479 / 3.364 · SL 3.861
Rejection at 3.69, or a push through 3.86?
NFA · DYOR