$LIT โ 1H ๐
LIT is holding near $5.44 after tagging $5.50โฆ but is this consolidation quietly setting up another breakout?
The structure looks really clean. LIT has been printing higher lows from $4.63, reclaimed the $4.95 Supertrend, and is now consolidating just below $5.50.
Key levels:
๐ด Resistance: $5.50 โ $5.54
๐ข Support: $5.35 โ $5.16 โ $4.95
Cleaner long setup:
Entry: $5.30โ$5.38 on a clean retest
SL: $5.15
TP1: $5.50
TP2: $5.70
TP3: $6.00
The order book is currently 80.14% asks vs 19.86% bids, so I wouldnโt chase into resistance. A clean 1H close above $5.50 would make the continuation setup much cleaner.
And the broader move is worth noting: LIT closed around $5.07 on Sep 22, after being around $4.74 on Sep 21.
Bias: constructive while $4.95 holds.
#lit
LIT is holding near $5.44 after tagging $5.50โฆ but is this consolidation quietly setting up another breakout?
The structure looks really clean. LIT has been printing higher lows from $4.63, reclaimed the $4.95 Supertrend, and is now consolidating just below $5.50.
Key levels:
๐ด Resistance: $5.50 โ $5.54
๐ข Support: $5.35 โ $5.16 โ $4.95
Cleaner long setup:
Entry: $5.30โ$5.38 on a clean retest
SL: $5.15
TP1: $5.50
TP2: $5.70
TP3: $6.00
The order book is currently 80.14% asks vs 19.86% bids, so I wouldnโt chase into resistance. A clean 1H close above $5.50 would make the continuation setup much cleaner.
And the broader move is worth noting: LIT closed around $5.07 on Sep 22, after being around $4.74 on Sep 21.
Bias: constructive while $4.95 holds.
#lit
