The chart for the pair $LIT /USDT over 4 hours has set a short trap while the daily trend is flat.
$LIT - Short
Trading plan:
Entry: 1.2500 – 1.2654
Stop loss: 1.3313
Take profit 1: 1.2025
Take profit 2: 1.1657
Take profit 3: 1.1106
Why these settings?
The RSI on the 15-minute chart is already at 44.64 - not oversold yet, but the momentum is fading fast. The Average True Range on the hourly chart shows volatility of 0.0527, indicating that the next two candles might hit take profit 1 at 1.2025 or a fake breakout to 1.2403. The constrained daily trend makes this a quick high-probability opportunity, not for holding.
To trade click here 👈🏻 $LIT 👇🏻 Happy trading 🌟,,
$LIT - Short
Trading plan:
Entry: 1.2500 – 1.2654
Stop loss: 1.3313
Take profit 1: 1.2025
Take profit 2: 1.1657
Take profit 3: 1.1106
Why these settings?
The RSI on the 15-minute chart is already at 44.64 - not oversold yet, but the momentum is fading fast. The Average True Range on the hourly chart shows volatility of 0.0527, indicating that the next two candles might hit take profit 1 at 1.2025 or a fake breakout to 1.2403. The constrained daily trend makes this a quick high-probability opportunity, not for holding.
To trade click here 👈🏻 $LIT 👇🏻 Happy trading 🌟,,