LTC Usdt

Strategy Overview: Short Sell LTC/USDT

1. Market Conditions:

Current price: $81.26

Key indicators: EMA (7, 25, 99), RSI, and recent volume trends.

The market appears to have experienced a recent upward move, with RSI near 59, indicating potential overbought conditions.

2. Entry Point:

Short Entry: Around $81.26 (current price) or wait for confirmation of resistance at $82.10.

Confirmation: Look for a bearish candlestick pattern near resistance or when RSI crosses downward.

3. Stop-Loss (SL):

Initial SL: Set at $85.15, slightly above the recent high and a significant resistance level.

Trailing SL: Adjust as the trade moves in your favor, reducing risk over time.

4. Take Profit (TP):

Primary TP Level: $77.70, the recent significant support level.

Extended TP: $73.20, the 24-hour low, if bearish momentum continues.

5. Leverage:

Suggested Leverage: 3x–5x for controlled risk. Higher leverage can magnify gains but increases the risk of liquidation.

6. Dollar-Cost Averaging (DCA):

Add to Position: If the price moves to $82.10, consider adding a small amount to your short position, but only if there are signs of a reversal.

Hedging: Use a hedge order if the price breaks above $85.15 with momentum, placing a long to minimize losses.

7. Risk Management:

Capital Allocation: Use no more than 2%–5% of your total trading capital on a single trade.