This looks like a solid short trade setup for LTC/USDA, with a clear risk-reward structure. Here are a few additional points to consider:
Key Considerations:
✅ Entry Zone: $104.00 – $107.00 aligns well with resistance.
✅ Stop-Loss: Placed above the $110.00 resistance zone to limit risk.
✅ Target Levels: Logical TP levels, respecting recent price action.
✅ Confirmation: Watch for weak volume and rejection near $107.00 for higher probability.
Risk-Reward Ratio Analysis:
Entry at $105.50 (midpoint of the zone)
Stop Loss at $111.50 (-6.00 move)
TP1: $100.00 (+5.50 move)
TP2: $97.00 (+8.50 move)
TP3: $94.00 (+11.50 move)
The Risk-Reward Ratio (RRR) improves as price moves lower, making this a good trade if conditions align.
📌 Final Tip:
If LTC breaks above $108.00 with strong volume, reconsider the short position or wait for confirmation. Always manage risk accordingly!
Are you actively trading this setup, or just analyzing?
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