$LIT executed a classic Fakeout below the $2.80 support zone, dipping down to $2.79 before aggressively bouncing back to $2.95.
This sudden pump trapped aggressive short-sellers and suggests selling pressure is temporarily exhausted โ The optimal strategy is to wait for a Retest.
๐ Trade Plan
โ Entry Zone: $2.85 โ $2.89
โ Stop Loss: $2.75
โ Targets: $3.15 | $3.40 | $4.00
โ ๏ธ If a 15m candle closes decisively below $2.75 with strong selling volume, the main downtrend will likely resume.
This sudden pump trapped aggressive short-sellers and suggests selling pressure is temporarily exhausted โ The optimal strategy is to wait for a Retest.
๐ Trade Plan
โ Entry Zone: $2.85 โ $2.89
โ Stop Loss: $2.75
โ Targets: $3.15 | $3.40 | $4.00
โ ๏ธ If a 15m candle closes decisively below $2.75 with strong selling volume, the main downtrend will likely resume.
