Short

LTC/USDT 1H: Bearish Breakdown – Short Setup Targeting $115.50?

LTC/USDT 1H: Bearish Breakdown – Short Setup Targeting $115.50?
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Current Market Analysis:

Price at $119.85 showing strong bearish momentum.
Market makers appear to be in a distribution phase with clear lower highs.
Hidden bearish divergence on RSI confirms the downtrend.
Risk Score: 8/10 – High risk environment.

Market Maker Activity:

Distribution pattern is evident with lower highs.
Declining volume on bounces suggests persistent selling pressure.
Expect continued downside until testing support around $115.50.

Trade Setup (Confidence 8/10):

Recommendation: Short position with high confidence.
Entry: At current price ($119.85).
Targets:
T1: $118.00
T2: $115.50
Stop Loss: Set at $122.40 (above recent swing high).
Key Resistance Zones: $124.00, $128.50, $136.00

Recommendation:

Wait for confirmation of entry with a rejection around $122. This setup aligns perfectly with SMC principles, indicating strong institutional selling pressure.

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Cryptokijker

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