LITECOIN..1H chart pattern..

6 hari lalu

Here's a quick breakdown of My LITECOIN (LTCUSD) SELL setup:


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🔻 Trade Idea: SELL LTCUSD

Current Price: $90.25

Resistance: $92.00

Target 1: $86.00

Target 2: $83.00



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🔍 Technical Interpretation

You're looking to short Litecoin near:

A resistance zone at $92.00, which may have acted as a rejection point in recent sessions.

Downside targets indicate you're expecting a short-term pullback or continuation of a bearish move.


Potential Chart Pattern (Implied):

Possibly a lower high forming near $92.

Could be a bear flag or a failed breakout setup.



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📊 Risk-Reward Estimate

Assuming:

Stop-loss: $92.50 (just above resistance)

Entry: $90.25

Target 1: $86.00 → Reward = $4.25

Target 2: $83.00 → Reward = $7.25

Risk: $2.25


Target Reward R:R

$86.00 $4.25 ~1.9:1
$83.00 $7.25 ~3.2:1



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⚠ What to Watch For

Price Reaction at $89.50–90.00: Minor support may form here — need confirmation of breakdown.

Volume Decline on Rallies: Suggests weakening buying power.

Bearish Confirmation Candles: (e.g., shooting star, engulfing) near resistance will strengthen your short bias.



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Would you like a visual chart with this setup marked or a combined multi-asset crypto short watchlist including BTC & LTC?

6 hari lalu

Dagangan aktif

trade active

4 hari lalu

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target successful reached