Short $LIT : are sellers ready to defend 3.04?
Watching the 3.019–3.037 zone. Price sits below the 4H EMA50 at 3.06, structure favors sellers.
SHORT zone 3.019–3.037 | targets 2.966, 2.924, 2.862 | stop 3.132
What I've got:
- 3.03 below the 4H EMA50 at 3.06, structure leans with sellers
- Stop only 3.4% away, but TP3 is 5.5% off, risk-reward looks good
- RSI at 36 on the 1H, nothing stretched here.
Not advice, size it yourself.
Watching the 3.019–3.037 zone. Price sits below the 4H EMA50 at 3.06, structure favors sellers.
SHORT zone 3.019–3.037 | targets 2.966, 2.924, 2.862 | stop 3.132
What I've got:
- 3.03 below the 4H EMA50 at 3.06, structure leans with sellers
- Stop only 3.4% away, but TP3 is 5.5% off, risk-reward looks good
- RSI at 36 on the 1H, nothing stretched here.
Not advice, size it yourself.
