LTCUSDT is trading near a key resistance level at $85.74, which marks the upper boundary of a clearly defined consolidation range. After multiple rejections in this zone, the price has once again failed to break higher — signaling potential downside pressure.
A short entry has been placed at $85.74, targeting the bottom of the range near $82.37, while the stop loss is placed just above the most recent swing highs at $86.84.
This setup is based on a range-trading strategy, with price respecting both support and resistance levels repeatedly.
🧩 Trade Parameters:
- Entry: $85.74
- Stop Loss: $86.84
- Take Profit: $82.37
🔢 Risk:Reward Calculation:
- Risk: 86.84 - 85.74 = $1.10
- Reward: 85.74 - 82.37 = $3.37
- Risk:Reward Ratio: 1 : 3.06 ✅ (Excellent)
✅ Bias:
Bearish rejection at range resistance
🔄 Confirmation:
- Clear rejection candle at the top of the range
- Failure to close above $86
- Momentum shift on lower timeframes
❌ Invalidation:
Break and hold above $86.84 — indicates range breakout or trend reversal
A short entry has been placed at $85.74, targeting the bottom of the range near $82.37, while the stop loss is placed just above the most recent swing highs at $86.84.
This setup is based on a range-trading strategy, with price respecting both support and resistance levels repeatedly.
🧩 Trade Parameters:
- Entry: $85.74
- Stop Loss: $86.84
- Take Profit: $82.37
🔢 Risk:Reward Calculation:
- Risk: 86.84 - 85.74 = $1.10
- Reward: 85.74 - 82.37 = $3.37
- Risk:Reward Ratio: 1 : 3.06 ✅ (Excellent)
✅ Bias:
Bearish rejection at range resistance
🔄 Confirmation:
- Clear rejection candle at the top of the range
- Failure to close above $86
- Momentum shift on lower timeframes
❌ Invalidation:
Break and hold above $86.84 — indicates range breakout or trend reversal
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.