🔥 $LIT has been in a clear downtrend — sellers firmly in control, no denial there.
Still, I’m watching a cautious counter-trend long on the 1H timeframe.
📉 Volume tells the story:
Red candles are printing with rising volume — that 2.8M spike at the recent low signals heavy selling pressure, possibly exhaustion.
💸 Capital flows remain bearish:
• 24H: -7.82M
• 7D: -23.14M
Institutions look more like they’re distributing, not accumulating.
📍 Trade Plan (High Risk – Counter Trend):
🔹 Long Entry: Wait for rejection & confirmation at 2.30 – 2.41 support
🔹 Confirmation: Strong bullish 1H close
🔹 Stop-Loss: 2.230 USDT (~7% risk, ATR ≈ 0.063)
🔹 Target: 2.616 USDT (~8.5% upside from 2.41)
⚠️ Counter-trend setups need patience & confirmation — no FOMO.
#LIT #CryptoTrading #Altcoins #TechnicalAnalysis #RiskManagement
📊 About the Chart (What to Post With It)
Use a 1H chart showing:
🔴 Downtrend structure (lower highs, lower lows)
🟦 Support zone highlighted: 2.30 – 2.41
⛔ Stop-loss line: 2.23
🎯 Target line: 2.616
📊 Volume bars emphasizing the 2.8M spike near the lows
If you want, I can:
Re-label it for TradingView-style posting
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