$LIT up, target $3.55. Below $3.05 I'm wrong.
I don't fade a strong day on the move alone. I fade it when funding flips hot and the long/short ratio crams one side. $LIT did neither: it trades 3.2536, up 19.5% over 24h, funding held at 0.005% per 4h, open interest grew 18.5% to $45.3M, and the long/short account ratio is 1.03. Leverage grew, but evenly. No crowded side to unwind.
Which comes first, $3.55 or $3.05?
I don't fade a strong day on the move alone. I fade it when funding flips hot and the long/short ratio crams one side. $LIT did neither: it trades 3.2536, up 19.5% over 24h, funding held at 0.005% per 4h, open interest grew 18.5% to $45.3M, and the long/short account ratio is 1.03. Leverage grew, but evenly. No crowded side to unwind.
Which comes first, $3.55 or $3.05?
