Apologies guys, I wasn't able to post the $LIT analysis before this move played out.
The tape shows a classic liquidity trap:
over $26M in $LIT was pre-positioned across Bybit, OKX, and Coinbase hot wallets around $2.72 before price was engineered up to $3.25.
The moment retail bought the breakout, that staged supply $LIT dumped straight into the bids, printing that massive flush wick down to $2.537.
If you didn't catch the move, don't chase the chop.
I'll make sure the next breakdown is up with plenty of time to prepare.
#Lıt
The tape shows a classic liquidity trap:
over $26M in $LIT was pre-positioned across Bybit, OKX, and Coinbase hot wallets around $2.72 before price was engineered up to $3.25.
The moment retail bought the breakout, that staged supply $LIT dumped straight into the bids, printing that massive flush wick down to $2.537.
If you didn't catch the move, don't chase the chop.
I'll make sure the next breakdown is up with plenty of time to prepare.
#Lıt