$LIT Sell short fast!!
LIT pushed from 3.19 all the way to 3.80 in this move, with a gain of nearly 20%. After topping at 3.8078 and then pulling back, it left a long upper wick. The MACD red histogram has started to shorten, the KDJ at high levels has turned downward, and the momentum from chasing-buy capital clearly seems to be exhausted. Although the Lighter ecosystem has had occasional activity recently, it lacks a standout catalyst that can continuously attract capital. After a violent short-term rally, the desire of profit-takers to cash out is extremely strong. The first target is the lower middle rail at 3.4852.
Entry: 3.5085
Stop loss: 3.8078
Take profit: 3.0800
$LIT - Sell short 🔻
Enter from the bottom of the page👇
LIT pushed from 3.19 all the way to 3.80 in this move, with a gain of nearly 20%. After topping at 3.8078 and then pulling back, it left a long upper wick. The MACD red histogram has started to shorten, the KDJ at high levels has turned downward, and the momentum from chasing-buy capital clearly seems to be exhausted. Although the Lighter ecosystem has had occasional activity recently, it lacks a standout catalyst that can continuously attract capital. After a violent short-term rally, the desire of profit-takers to cash out is extremely strong. The first target is the lower middle rail at 3.4852.
Entry: 3.5085
Stop loss: 3.8078
Take profit: 3.0800
$LIT - Sell short 🔻
Enter from the bottom of the page👇
