Short $LIT — sellers' line is 3.69 on the 4H.
Watching the 3.657–3.689 zone. If sellers step in here and price rolls over, I'd rather wait for that than chase. Above 3.863 and the idea is done.
What I'm seeing:
• 4H price at 3.67, below the EMA50 at 3.82 — trend structure still favors sellers
• BTC short-term trend is bearish — that's 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 3.657–3.689 · TP 3.558 / 3.482 / 3.367 · 🛑 SL 3.864
Only take it inside the zone. Reclaim 3.864 and the short thesis is dead — I'm out, no arguing.
#LIT
Watching the 3.657–3.689 zone. If sellers step in here and price rolls over, I'd rather wait for that than chase. Above 3.863 and the idea is done.
What I'm seeing:
• 4H price at 3.67, below the EMA50 at 3.82 — trend structure still favors sellers
• BTC short-term trend is bearish — that's 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 3.657–3.689 · TP 3.558 / 3.482 / 3.367 · 🛑 SL 3.864
Only take it inside the zone. Reclaim 3.864 and the short thesis is dead — I'm out, no arguing.
#LIT