$LITE Short-selling speed!
Today, LITE clearly cannot break through the small green candle under MA25 (952.11). Although the price rose above MA7, the trading volume is extremely weak. Without liquidity, this rebound is difficult to sustain. The red MACD histogram continues to contract at a steady pace, and the RSI is moving sideways in the middle with no upward momentum, while the moving averages from above exert strong pressure. The likelihood of a short pullback back to MA7, or to lower levels, is higher.
Entry: 948.19
Stop Loss: 952.50
Take Profit: 935.26
$LITE - Short sell 🔻
Entry from below to the trade👇a
$A
Today, LITE clearly cannot break through the small green candle under MA25 (952.11). Although the price rose above MA7, the trading volume is extremely weak. Without liquidity, this rebound is difficult to sustain. The red MACD histogram continues to contract at a steady pace, and the RSI is moving sideways in the middle with no upward momentum, while the moving averages from above exert strong pressure. The likelihood of a short pullback back to MA7, or to lower levels, is higher.
Entry: 948.19
Stop Loss: 952.50
Take Profit: 935.26
$LITE - Short sell 🔻
Entry from below to the trade👇a
$A
