$LTC Bearish (momentum shift confirmed)
Market Structure:
• Clear CHoCH (Change of Character) confirming bearish structure.
• Multiple EQLs formed and swept — liquidity taken.
• Most recent EQH baited, followed by sharp selloff.
• Price nuked through PWL and is currently sitting at a Weak Low zone (~72.51).
Setup:
• Scenario 1 — Short on Lower High:
• Wait for a retest of the 84–85.23 supply zone (prior PWL flip + inefficiency).
• Look for bearish PA (e.g., bearish engulfing or SFP on LTF).
• Entry: 84.00–85.00
• SL: Above 86.00
• TP1: 72.50 (current low)
• TP2: 70.00
• TP3: 66.00 (clean inefficiency below)
• Scenario 2 — Breakdown Play:
• If price consolidates below 72.50, consider shorting breakdown of structure.
• Entry: 71.90–72.10
• SL: Above 73.50
• TP: Trail toward untested lows around 68.00–66.00
Trade Idea:
Smart money just flushed the weak hands — now eyes are on either a dead-cat bounce into supply or a clean breakdown continuation. No bullish signs yet — be patient, fade rallies into imbalance.
