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Scalping Signal: $LTC /USDT
Signal Type: SHORT š
Analysis:
The asset is showing a strong rejection from its recent highs on both timeframes. The 5-minute chart, in particular, has printed a large bearish reversal candle, breaking back below the 7-period moving average. This indicates that the immediate bullish momentum has failed, and sellers have taken control for a short-term pullback. We are entering a short position to ride this corrective move down to the next support levels.
Entry Zone: $95.80 - $96.00
(Enter on the current price or a small bounce towards the 7-MA resistance)
šÆ Target 1: $95.40 (25-MA support area)
šÆ Target 2: $95.10
šÆ Target 3: $94.80
š« Stop-Loss: $96.25
$GIGGLE $4
Signal Type: SHORT š
Analysis:
The asset is showing a strong rejection from its recent highs on both timeframes. The 5-minute chart, in particular, has printed a large bearish reversal candle, breaking back below the 7-period moving average. This indicates that the immediate bullish momentum has failed, and sellers have taken control for a short-term pullback. We are entering a short position to ride this corrective move down to the next support levels.
Entry Zone: $95.80 - $96.00
(Enter on the current price or a small bounce towards the 7-MA resistance)
šÆ Target 1: $95.40 (25-MA support area)
šÆ Target 2: $95.10
šÆ Target 3: $94.80
š« Stop-Loss: $96.25
$GIGGLE $4
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LTC
91.92
+0.64%