$LIT LIQUIDITY SWEEP COULD BE THE LAUNCHPAD FOR THE NEXT LEG UP
$LIT just swept below the 3.57 area, but the strong reclaim changes the picture. The 15M wick through 3.5682 looks more like a liquidity grab than a genuine breakdown, while the 1H structure remains bullish with higher-timeframe D/W support.
I’m watching this as a counter-BTC long, so confirmation matters. The ideal trigger is a 5M/15M market structure shift followed by a strong reclaim and hold above 3.5690–3.5767, preferably with an engulfing candle or pin bar.
Entry Zone: 3.5690–3.5800 TP1: 3.8484 TP2: 3.9200 TP3: 3.9797 Stretch Target: 4.0896
The key invalidation is 3.4543. A 1H close below that level would weaken the bullish thesis and shift my bias bearish.
The 24H weakness may simply be providing fuel for the next expansion if buyers continue defending the reclaimed zone....$LIT
#LIT #CryptoTrading #Altcoins #TechnicalAnalysis #BinanceSquare
$LIT just swept below the 3.57 area, but the strong reclaim changes the picture. The 15M wick through 3.5682 looks more like a liquidity grab than a genuine breakdown, while the 1H structure remains bullish with higher-timeframe D/W support.
I’m watching this as a counter-BTC long, so confirmation matters. The ideal trigger is a 5M/15M market structure shift followed by a strong reclaim and hold above 3.5690–3.5767, preferably with an engulfing candle or pin bar.
Entry Zone: 3.5690–3.5800 TP1: 3.8484 TP2: 3.9200 TP3: 3.9797 Stretch Target: 4.0896
The key invalidation is 3.4543. A 1H close below that level would weaken the bullish thesis and shift my bias bearish.
The 24H weakness may simply be providing fuel for the next expansion if buyers continue defending the reclaimed zone....$LIT
#LIT #CryptoTrading #Altcoins #TechnicalAnalysis #BinanceSquare