Range rejection under local resistance with momentum fading
LTC
54.85
+3.00%
Short
Trade Plan
Entry $54.80 to $55.80
Stop Loss $57.20
TP1 $53.80
TP2 $52.50
TP3 $50.00
Why this setup
Price pushed into the $56 zone and printed lower highs on the 1H showing exhaustion. Failure to hold above $55 signals weakening bullish momentum after the impulse from $53. As long as $56 remains resistance structure favors a pullback toward $53 liquidity.
Debate
Is this a shallow retrace before a breakout above $57 or the start of a deeper correction toward $52
#LTC #CPIWatch #MarketRebound $RIVER
RIVERUSDT
دائم
14.24
-4.38%