$LTC

USDT BEARISH REVERSAL FROM STRONG RESISTANCE ZONE

Litecoin is currently rejecting a major resistance zone near 88.00, indicating a potential bearish reversal. Price is unable to break above this key supply area and is showing signs of exhaustion, making it an ideal spot for a short setup.

🔑 Key Levels:

Resistance: 88.00 – 88.50 (strong supply zone where price is rejecting)

Support: 86.00 and 85.00

Current Price: 87.71

📉 Trade Setup (Short):

Entry: 87.70 – 88.00

Take Profit 1 (TP1): 86.00

Take Profit 2 (TP2): 85.00

Stop Loss (SL): 88.50

📊 Market Outlook:

Momentum is slowing near resistance with repeated rejections. If sellers take control below 87.50, further downside towards 85.00 is expected. Overall market remains in a corrective structure under 88.50.

⚠️ Risk Management:

Always risk only 1-2% of your capital per trade. Strictly follow your SL to avoid unexpected losses if the market breaks above resistance.

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💡 Comment 🔻 if you see this reversal playing out!

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