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LTC short positions have a 95% win rate, are you willing to follow?
$LTC /USDT - Short
Trading Plan:
Entry: 45.27 – 45.47
SL: 46.33
TP1: 44.65
TP2: 44.17
TP3: 43.45
Why pay attention to this structure?
- The 4-hour trend is clearly bearish, with the RSI at 64.88 on the 15-minute chart, close to overbought territory. A rebound is a shorting opportunity.
- Entry at 45.37, TP1 at 44.65, TP2 at 44.17, stop loss at 46.33, risk-reward ratio 2:1.
- The 1-day trend is bearish, currently at a rebound exhaustion point, perfect timing to chase shorts.
Discussion:
Will this wave hit TP2 first, or will there a fakeout pump?