$LIT
I can see through the dog trader's tricks of luring in buyers playing LIT at a glance. Do you really think that little fake uplift is giving away money? Look at the data, the funds have clearly been withdrawing over the past 24 hours, and the large holders' long-short ratio has surprisingly shot up to 3.17. This is clearly the traders setting a hook at a high position waiting for you to take the bait.
Now the contract open interest has already started to turn around, with all selling pressure at the upper limit of 1.0394. All the liquidations within 12 hours have been long positions, and the blades of the dog trader’s harvest are almost flying to your neck. Stop fantasizing about any explosive rise; the objective data shows a full short advantage, which is a standard distribution pattern.
Listen to me, short LIT at the current price of 1.0265, with a stop loss firmly at 1.0573 to prevent a spike. Take profit in three steps: 0.99570 to cash out first, and 0.97958 to hold a bottom position to watch the pattern. Don’t give the trader any bullets; click on the profile to watch the live broadcast, and I’ll help you catch the dog trader.
The above content is only a market analysis and does not constitute any investment advice. Investment involves risks; please be cautious when entering the market.
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#BTC #LIT