$LTC/USDT BEARISH REVERSAL CONFIRMED – SHORT SETUP ACTIVE 🚨📉
Litecoin is showing signs of weakness after rejecting the resistance zone and is now trading around $86.40 (-1.71%). Price action suggests a bearish reversal on the lower timeframes, with sellers stepping in near recent highs. ⚠️
🔍 KEY LEVELS:
Resistance: $88.00 – $88.50 🔼
Support 1: $85.20 (24h low) 🔽
Support 2: $83.80 (next major demand zone)
Current Price: $86.40 💱
📉 TRADE SETUP – SHORT ENTRY IDEA:
Entry: $86.20 – $86.50 ⬇️
Take Profit (TP):
• TP1: $85.20
• TP2: $83.80
• TP3: $81.50 (extended target) 🎯
Stop Loss (SL): $88.20 🔒
📊 TECHNICAL CONFIRMATION:
Price rejected key resistance 📉
EMA and MACD showing bearish crossovers ❌
Volume declining on green candles – bearish divergence spotted 📊
⚠️ RISK MANAGEMENT:
🔹 Risk only 1-2% of your capital per trade.
🔹 Use SL strictly and avoid revenge trading.
🔹 Wait for candle close confirmation on lower timeframes (15m/1h) before entry.
Trade smart, stay sharp! 🧠💼📉
#BinanceTurns8 #BreakoutTradingStrategy #TrumpTariffs #AltcoinETFsWatch #Write2Earn! $LTC