$LTC has been on my radar since yesterday and I am watching this rejection zone closely, price is stalling right under 45.5 and now here is the trade.
Entry: 45.2-45.471
TP1: 44.429
TP2: 43.976
TP3: 43.522
SL: 45.892
Price tapped into this zone twice already and got sold into both times. Sellers are defending it and buyers are not stepping up with any real size.
Volume backs it up too, every push higher is getting weaker while the wicks on top keep getting rejected. That is not strength, that is exhaustion.
You shorting this or waiting for it to tag SL first? Let me know below.
DYOR fam.
$LTC $BTC
Entry: 45.2-45.471
TP1: 44.429
TP2: 43.976
TP3: 43.522
SL: 45.892
Price tapped into this zone twice already and got sold into both times. Sellers are defending it and buyers are not stepping up with any real size.
Volume backs it up too, every push higher is getting weaker while the wicks on top keep getting rejected. That is not strength, that is exhaustion.
You shorting this or waiting for it to tag SL first? Let me know below.
DYOR fam.
$LTC $BTC