Short $LIT : price sits at 2.98 on the 4H, the ceiling sellers defend 👀
Reject 2.98 → 2.91, then 2.87.
Reclaim 3.04 → the idea is off the table.
I want to see sellers answer here, not a chase into the zone.
Why this level:
- 4H price 2.97 below EMA50 3.23, trend structure still favors sellers
- 1H RSI 35: already oversold, not a drop to chase
- Risk 2.2% to SL vs 3.6% to TP3, about 1.6R if the full move plays out
🔴 SHORT · Entry 2.968–2.979 · TP 2.933 / 2.907 / 2.867 · SL 3.039
NFA · DYOR
Reject 2.98 → 2.91, then 2.87.
Reclaim 3.04 → the idea is off the table.
I want to see sellers answer here, not a chase into the zone.
Why this level:
- 4H price 2.97 below EMA50 3.23, trend structure still favors sellers
- 1H RSI 35: already oversold, not a drop to chase
- Risk 2.2% to SL vs 3.6% to TP3, about 1.6R if the full move plays out
🔴 SHORT · Entry 2.968–2.979 · TP 2.933 / 2.907 / 2.867 · SL 3.039
NFA · DYOR
