$LIT SHORT 1H | Can sellers defend 3.6973?
Why it matters: 1H trend and market structure are both bearish. The 15M trend also points bearish.
My read: A controlled entry around 3.6917–3.7029 keeps the continuation plan measured. TP1 maps to 2.29R; a move above 3.788 invalidates the idea.
Entry zone: 3.6917–3.7029
Stop loss: 3.788
Targets: TP1 3.49 (2.29R) / TP2 3.4382 (2.86R) / TP3 3.3863 (3.43R)
Scale out: 20% / 30% / 50%
Is 2.29R to TP1 enough for the risk in this plan?
Why it matters: 1H trend and market structure are both bearish. The 15M trend also points bearish.
My read: A controlled entry around 3.6917–3.7029 keeps the continuation plan measured. TP1 maps to 2.29R; a move above 3.788 invalidates the idea.
Entry zone: 3.6917–3.7029
Stop loss: 3.788
Targets: TP1 3.49 (2.29R) / TP2 3.4382 (2.86R) / TP3 3.3863 (3.43R)
Scale out: 20% / 30% / 50%
Is 2.29R to TP1 enough for the risk in this plan?