LTCUSDT Short Setup from Range Resistance

LTCUSDT is trading near a key resistance level at $85.74, which marks the upper boundary of a clearly defined consolidation range. After multiple rejections in this zone, the price has once again failed to break higher — signaling potential downside pressure.

A short entry has been placed at $85.74, targeting the bottom of the range near $82.37, while the stop loss is placed just above the most recent swing highs at $86.84.

This setup is based on a range-trading strategy, with price respecting both support and resistance levels repeatedly.

🧩 Trade Parameters:
- Entry: $85.74
- Stop Loss: $86.84
- Take Profit: $82.37

🔢 Risk:Reward Calculation:
- Risk: 86.84 - 85.74 = $1.10
- Reward: 85.74 - 82.37 = $3.37
- Risk:Reward Ratio: 1 : 3.06 ✅ (Excellent)

✅ Bias:
Bearish rejection at range resistance

🔄 Confirmation:
- Clear rejection candle at the top of the range
- Failure to close above $86
- Momentum shift on lower timeframes

❌ Invalidation:
Break and hold above $86.84 — indicates range breakout or trend reversal