$LIT 1 hours -3.99%, current price 3.5968. If you're looking to buy the dip, run through these three questions first:
① The 24-hour low of 3.5282 is holding as support. Are there signs of stabilization?
② This drop came on suddenly. What will you do if it falls further?
③ Are you prepared with a position plan? How will you exit if your dip-buying call is wrong?
If you haven't thought it through, it's better to wait.
High volume on the way down shows genuine disagreement. Wait for volume to ease and for the price to stabilize before deciding.
This is not a trading signal.
① The 24-hour low of 3.5282 is holding as support. Are there signs of stabilization?
② This drop came on suddenly. What will you do if it falls further?
③ Are you prepared with a position plan? How will you exit if your dip-buying call is wrong?
If you haven't thought it through, it's better to wait.
High volume on the way down shows genuine disagreement. Wait for volume to ease and for the price to stabilize before deciding.
This is not a trading signal.