#ltc
Despite the whales withdrawing their liquidity, the number of small wallets on the platforms remains very high. These are the "stuck" ones that have been programmed to bounce back, and the market maker keeps them on the platforms to liquidate them during a sudden crash.
The market maker uses the strength index reaching a level of 27.29 to mislead traders into thinking a reverse rally has begun, while the reality is pulling out what remains of liquidity on the platforms before the knockout punch.
To liquidate the large wallets, the goal is to drive the price to levels of $49 to force the owners of old wallets that have not been withdrawn yet to sell finally under panic pressure.
The false bounce strategy "has a possible probability of 35%" but it is weak.
ltc sell
Sell when the breakout of the pivot area fails.
Entry: Any "false" bounce towards the level of 132.17.
Stop loss: 138.77
Targets: 78.35 / 72.57 / 49.80
ltc sell
Sell after breaking the current support and confirming the liquidity exit.
Entry: Break and stabilize below 77.17.
Stop loss: 85.00
Targets: 72.57 / 49.80 / 34.34
