$LIT /USDT SHORT TRADE SETUP
Entry: 3.200 - 3.250
TP1: 3.150
TP2: 3.050
TP3: 2.900
Stop Loss: 3.420
Reason:
• Price is testing a major local resistance zone around 3.24 - 3.25 after a sharp impulsive recovery move.
• 4-hour candles are showing rejection wicks near the recent high, indicating fading buying momentum.
• Previous horizontal structure acts as a supply zone where sellers previously stepped in heavily.
• Risk-to-reward ratio is favorable for a short correction back toward lower support levels.
This post is for educational purposes only and is not financial advice.
Entry: 3.200 - 3.250
TP1: 3.150
TP2: 3.050
TP3: 2.900
Stop Loss: 3.420
Reason:
• Price is testing a major local resistance zone around 3.24 - 3.25 after a sharp impulsive recovery move.
• 4-hour candles are showing rejection wicks near the recent high, indicating fading buying momentum.
• Previous horizontal structure acts as a supply zone where sellers previously stepped in heavily.
• Risk-to-reward ratio is favorable for a short correction back toward lower support levels.
This post is for educational purposes only and is not financial advice.