$LIT is up 9% and showing rejection at the highs. Here's why 👇
A 27% surge in 3 days put it up 9% on the day, so I took a closer look at the structure.
The break above 3.3344 was tiny (3.6%) and LIT got rejected from 3.455 straight away. That's not strength, that's buyers running out of steam.
Next stop for me is 3.0029. Nobody's touched it since the pullback $LIT (54% of the leg), so it's the obvious magnet. A move above 3.455 proves me wrong.
📌 My LIT trade: short from 3.3432, stop at 3.5134, target 3.0029 (+10.2%, 1:2)
📊 24h Vol: $102M | 24h Chg: +9.0% | Funding: +0.0050%
Top or just a pause? What do you think? 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#LIT #Crypto #Trade
A 27% surge in 3 days put it up 9% on the day, so I took a closer look at the structure.
The break above 3.3344 was tiny (3.6%) and LIT got rejected from 3.455 straight away. That's not strength, that's buyers running out of steam.
Next stop for me is 3.0029. Nobody's touched it since the pullback $LIT (54% of the leg), so it's the obvious magnet. A move above 3.455 proves me wrong.
📌 My LIT trade: short from 3.3432, stop at 3.5134, target 3.0029 (+10.2%, 1:2)
📊 24h Vol: $102M | 24h Chg: +9.0% | Funding: +0.0050%
Top or just a pause? What do you think? 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#LIT #Crypto #Trade
