$LTC Neckline Break: Price has broken down below the neckline (red zone around $104–$106) and is retesting that area as resistance.

Momentum: Breakdown after the right shoulder shows strong bearish momentum.

Target Projection: Using the height of the Head to the neckline, the measured move projects downward towards the $85–$88 zone.

Short Setup

Entry Zone: $104–106 (current retest of neckline).

Stop Loss (SL): $112 (above right shoulder invalidation).

Take Profit (TPs):

TP1: $98 (first demand zone + psychological level).

TP2: $92 (support area).

TP3: $86–$88 (measured Head & Shoulders target).

Risk–Reward (Approx)

Risk: $6–8 per LTC (Entry ~105, SL ~112).

Reward:

TP1 → 1:1

TP2 → 2:1

TP3 → 3:1+