$LTC /USDT – Reversal Zone Detected: Short Trade Setup
Litecoin has hit a key resistance area near $86.20 and is showing signs of exhaustion after a strong bullish rally. The upper wick on the latest 15-minute candle indicates seller pressure, making this an ideal short opportunity.
Entry Price: 86.04
Target 1: 85.80
Target 2: 85.50
Target 3: 85.36
Stop Loss: 86.21
Risk Management Note:
Avoid chasing trades at resistance. Stick to a strict risk limit of 1–2% per position and scale out profits gradually. Stop-loss must be honored to prevent emotional decisions from impacting your capital.
Pro Tip for Followers:
Candlestick wicks near key resistance levels often signal a reversal. Wait for confirmation candles before entering and always keep an eye on volume and RSI divergence for added conviction.
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