LTCUSDT on the Edge – Major Breakdown or Fakeout?
Yello, Paradisers! Is LTCUSDT on the verge of a major drop? The signs are stacking up, and if you’re not watching closely, you could miss a big move.
💎Right now, LTCUSDT is looking bearish as it forms an M-pattern near the resistance trendline of a descending channel. At the same time, a bearish divergence is confirming the weakness in momentum. On top of that, we’re seeing a triple-three wave pattern playing out, which further increases the probability of a downside move. All these signals combined suggest that sellers are gaining control.
💎If LTCUSDT breaks down and closes candle below the support level, the M-pattern will be validated, opening the door for a significant move lower.
💎However, if the price consolidates around this level without breaking down, the setup loses its strength, and in that case, it’s best to ignore it as a low-probability trade.
💎On the flip side, if LTCUSDT manages to break out and close candle above the resistance zone, the entire bearish outlook would be invalidated. In that scenario, waiting for fresh price action before making any moves would be the smartest approach.
🎖 Discipline and patience separate the pros from the amateurs. Stay sharp, Paradisers—trade only high-probability setups, and you’ll always stay ahead of the game!
MyCryptoParadise
iFeel the success🌴
💎Right now, LTCUSDT is looking bearish as it forms an M-pattern near the resistance trendline of a descending channel. At the same time, a bearish divergence is confirming the weakness in momentum. On top of that, we’re seeing a triple-three wave pattern playing out, which further increases the probability of a downside move. All these signals combined suggest that sellers are gaining control.
💎If LTCUSDT breaks down and closes candle below the support level, the M-pattern will be validated, opening the door for a significant move lower.
💎However, if the price consolidates around this level without breaking down, the setup loses its strength, and in that case, it’s best to ignore it as a low-probability trade.
💎On the flip side, if LTCUSDT manages to break out and close candle above the resistance zone, the entire bearish outlook would be invalidated. In that scenario, waiting for fresh price action before making any moves would be the smartest approach.
🎖 Discipline and patience separate the pros from the amateurs. Stay sharp, Paradisers—trade only high-probability setups, and you’ll always stay ahead of the game!
MyCryptoParadise
iFeel the success🌴
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.