I’m bullish on $LIT Lighter getting attention while the SMA 20 above it rolls over. I've seen this shape before -> the crowd shows up on a name that's already lost its average, and the next leg down catches them long. Price is still above that average for now, which is the part keeping me unsure. If it closes below and stays there, I'll stop defending this and treat the bounce as finished. Small size, no leverage, watching after work. Lighter said it files for CFTC DCM + DCO licenses "in November". november started a few hours ago last time this story ran (Oct 22) LIT nearly tagged $4, then bled to ~$2.70 by Halloween filing isn't approval. a CFTC review takes months, so US users on Lighter perps is a 2027 story at best. and only ~25% of supply is circulating ($782M mcap vs $3.07B FDV)