Sell trade signal at price $LTC /USDT
- Bearish breakdown from a lower high structure! 🚨
Litecoin failed to break the key resistance level near $87.30, and is now showing clear signs of weakness. The price has dropped below the local support area and is currently trading near $86.50, with bearish trading volume confirming the downward momentum.
🔻 Trading setup (short selling):
• Entry price: $86.50
• Target price: $85.50
• Stop loss price: $86.99
📉 Market outlook:
Litecoin is forming lower highs on the 15-minute chart, indicating selling strength. With resistance areas holding and no bullish breakout, continued decline remains likely unless the bulls reclaim the $87.00 level.
⚠️ Risk management advice:
Stick to the stop loss. Use appropriate position sizing - do not overexpose your capital under volatile conditions.
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Capitalize on the momentum before it fades - $LTC