🧨 LIT could be setting up for a brutal short squeeze.
Ethereum developer and angel investor Eric Conner believes Lighter ($LIT ) may enter a strong pump cycle, creating heavy pressure on those who are short.
In the price range of $3.43 – $4.10, there are about 6 million LIT short positions at risk of being liquidated.
⚡ This figure is equivalent to roughly 2.5% of the circulating supply.
If LIT keeps rising and sweeps through the liquidation zone above, the domino effect could force short sellers to buy back LIT to close their positions.
Shorts thought they found the top.
LIT might have other plans. 💀
I’m pretty curious: does LIT have enough strength to turn 2.5% of supply into a real short squeeze? 👀
Would you short LIT here or stay out of the way?
$LIT
#lighter
Ethereum developer and angel investor Eric Conner believes Lighter ($LIT ) may enter a strong pump cycle, creating heavy pressure on those who are short.
In the price range of $3.43 – $4.10, there are about 6 million LIT short positions at risk of being liquidated.
⚡ This figure is equivalent to roughly 2.5% of the circulating supply.
If LIT keeps rising and sweeps through the liquidation zone above, the domino effect could force short sellers to buy back LIT to close their positions.
Shorts thought they found the top.
LIT might have other plans. 💀
I’m pretty curious: does LIT have enough strength to turn 2.5% of supply into a real short squeeze? 👀
Would you short LIT here or stay out of the way?
$LIT
#lighter