Watch the rebound height of LTC; if it can't even touch the recent resistance level, then the bears are gaining strength. Don't think about bottom-fishing for cheap; rebounds in a weak market are often traps for the unwary. Be patient and wait until it has fully dipped before making any decisions.
Trading advice: Short positions around 112-116 are a gift for the patient. First, wait for a pullback to 104-100, and then hope for a surprise at 90 in the long run. Don't chase the rise or rush in; follow the target rhythm and stay grounded in your strategy.
