$LTO
⚡️ We are going to place a Sell order 🔴 with #LTO , as this crypto has recently risen by +8.41%!
📉 Investment for $LTO at the level of 0.0478. We will take a bearish entry on an 8-hour timeframe, which leads us to use a low-risk leverage of 5X in a Perpetual Futures market with Isolated Margin. 🔒📊
$LTO has shown a bearish trend within a descending channel (according to the chart), after reaching a recent peak in April near 0.0600. Currently, its price is at 0.0478, having fallen from that high. Although there was a recent bullish bounce (visible on the chart), the RSI of 62.16 indicates a possible correction, confirming that we are still in a general bearish trend. 📉
💲 We set up a Limit Order with the following parameters:
➡️ Entry price: 0.0478
➡️ Take Profit: 0.0398 (looking for a key support level within the descending channel).
➡️ Stop Loss: 0.0500 (above recent resistance to limit losses).
〽️ Finally, we click on SHORT (Sell) 🔴
Note: This is not financial advice. Always do your own research #DYOR and invest only what you are willing to lose.
Best regards,