Short $LIT at 3.42. Anyone else on it?
I am, carefully. Sellers need to cap 3.42 first.
• 4H price 3.40 above EMA50 3.22: this is a fade against the trend, so the stop matters
• Stop 5.4% away, TP3 8.7% away: roughly 1.6R to the last target
• 1H RSI 49: middle of the range, room to drop
🔴 SHORT
Entry: 3.389–3.420
TP: 3.294 / 3.221 / 3.110
SL: 3.588
NFA, DYOR.
I am, carefully. Sellers need to cap 3.42 first.
• 4H price 3.40 above EMA50 3.22: this is a fade against the trend, so the stop matters
• Stop 5.4% away, TP3 8.7% away: roughly 1.6R to the last target
• 1H RSI 49: middle of the range, room to drop
🔴 SHORT
Entry: 3.389–3.420
TP: 3.294 / 3.221 / 3.110
SL: 3.588
NFA, DYOR.
