$LTC short: 66% of accounts are long into 50.1 on the 4H.
Sellers need to hold 50.1. A close above 50.9 and the idea is dead.
Entry 49.98–50.12 (short)
Targets 49.54 → 49.20 → 48.69
Invalidation 50.90
Why this level:
- 4H price 50.0 is below EMA50 53.4, structure sits with the sellers
- Stop 1.7% away, TP3 2.7% away, about 1.6R if the full move plays out
- 1H RSI 33 is already washed out, so there's nothing to chase here
Does 50.1 hold, or do buyers push through?
Not advice, size it yourself.
Sellers need to hold 50.1. A close above 50.9 and the idea is dead.
Entry 49.98–50.12 (short)
Targets 49.54 → 49.20 → 48.69
Invalidation 50.90
Why this level:
- 4H price 50.0 is below EMA50 53.4, structure sits with the sellers
- Stop 1.7% away, TP3 2.7% away, about 1.6R if the full move plays out
- 1H RSI 33 is already washed out, so there's nothing to chase here
Does 50.1 hold, or do buyers push through?
Not advice, size it yourself.
