$LTC
/USDT SHORT TRADE SIGNAL – REJECTION FROM SUPPLY ZONE!
Litecoin faced strong rejection from the $90.50 resistance zone and has now broken below a key support turned resistance around $89.50. The market structure on lower timeframes shows bearish momentum building, with sellers stepping in as volume confirms the move.
Trade Setup (SHORT):
Entry: $89.25 – $89.50
Target 1: $88.10
Target 2: $87.67
Stop Loss: $89.91
Why Short?
The price attempted multiple times to reclaim the $89.50 zone but failed to hold above it. A bearish engulfing candle and a clear rejection wick from $90.50 signal a potential drop toward lower demand zones near $87.70. Volume is declining on upswings and increasing on down moves — a classic bearish signal.
Risk Management Tip:
Stick to your SL near $89.91. If price breaks above with strong volume, reassess the setup. Use position sizing to control risk.
Sell smart — don’t chase green candles when the trend is turning 🩶 Gray!