$LTC USDT BEARISH PULLBACK – SHORT OPPORTUNITY EMERGING
$LTC USDT faced rejection near the $87.80 zone, forming a lower high structure on the 15m chart after a strong rally. Current candles indicate a bearish engulfing with momentum fading, suggesting a potential short-term retracement.
📉 Trade Setup (Short):
Entry Zone: $87.30 – $87.50
Take Profit Targets:
TP1: $87.00
TP2: $86.70
TP3: $86.40
Stop Loss: $87.85
📊 Market Outlook:
Momentum has weakened after the sharp upside move. Sellers are defending the $87.80 resistance. A break below $87.00 can accelerate the downside towards $86.40, aligning with the previous support and EMA re-test zones.
🔻 Risk Management:
Use tight stop-loss above local highs. Position sizing must be according to your portfolio risk percentage to avoid overexposure during intraday volatility.
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