If you're still ignoring clean technical structures in favor of chasing green candles, stop now.
That 7.8% pump in $LIT looks tempting, but jumping in now without seeing the setup is how most traders get stopped out on the first pullback. We've all been there watching a move we spotted too late turn into a loss because we couldn't tell accumulation from distribution.
$LIT printed one of the strongest charts this week with that 7.8% gain sitting on a series of higher lows that most alts simply don't have right now. It reminds me of the $BTC consolidations back in 2023 that everyone called boring until they weren't.
The structure here is tighter than what $ETH showed before its last decent run and the volume is actually confirming it instead of fading. I've seen too many similar patterns in competing projects that looked identical until they dumped 20% on no news.
This compression while the market chops sideways usually doesn't last forever.
Where do you think this $LIT setup goes from here compared to those past fakeouts?
#LIT #Altcoins #TechnicalAnalysis
That 7.8% pump in $LIT looks tempting, but jumping in now without seeing the setup is how most traders get stopped out on the first pullback. We've all been there watching a move we spotted too late turn into a loss because we couldn't tell accumulation from distribution.
$LIT printed one of the strongest charts this week with that 7.8% gain sitting on a series of higher lows that most alts simply don't have right now. It reminds me of the $BTC consolidations back in 2023 that everyone called boring until they weren't.
The structure here is tighter than what $ETH showed before its last decent run and the volume is actually confirming it instead of fading. I've seen too many similar patterns in competing projects that looked identical until they dumped 20% on no news.
This compression while the market chops sideways usually doesn't last forever.
Where do you think this $LIT setup goes from here compared to those past fakeouts?
#LIT #Altcoins #TechnicalAnalysis