🚀
$LITE is showing a potential technical setup!
The daily chart shows LITE/USDT testing range highs after a strong impulsive move upwards.
📈 The Technical Setup:
• The Pattern: Range consolidation with upward breakout test
• Short-term Target: 1,020.00
• Macro Objective: 1,040.00
• Market Structure: Breakout and consolidation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 925.18 - 930.00
• Resistance: 967.43 - 976.66
• Breakout Level: 967.43
• Stop Loss / Invalidation: 925.18
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Strong bullish candle printing near resistance
• Trend: Higher timeframe uptrend continuation
⚠️ Invalidation:
A decisive daily close below the 925.18 support level.
Monitor price action closely around the 967.43 resistance level for confirmation.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
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