🔴 $LIT BEARS CRUSH THE MOVING AVERAGES AS SELLING MOMENTUM INTENSIFIES FAST 📉
Entry: 3.2424 ⚡
Target: 3.12752 🚀
Stop Loss: 3.29984 ⚠️
Sellers are firmly in the driver seat here, with the 20, 50, and 200 EMAs perfectly aligned in a heavy downward cascade. Price action continues to bleed below the critical 200 EMA threshold while volume expands 1.18x above the 20-bar average during this clean 20-candle breakdown. 📊
Momentum oscillators confirm the exhaustion on the buy side. RSI sits at 35.5 with plenty of room to drift lower, and the MACD histogram prints a persistent negative delta while ADX hovers quietly at 11.9, signaling steady continuation rather than a sudden flush. ⚡
Are you locking in shorts on this retracement or waiting for a deeper liquidity sweep before entry? 🤔
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #LIT #ShortSetup #Breakout #Crypto
📉 🐻
Entry: 3.2424 ⚡
Target: 3.12752 🚀
Stop Loss: 3.29984 ⚠️
Sellers are firmly in the driver seat here, with the 20, 50, and 200 EMAs perfectly aligned in a heavy downward cascade. Price action continues to bleed below the critical 200 EMA threshold while volume expands 1.18x above the 20-bar average during this clean 20-candle breakdown. 📊
Momentum oscillators confirm the exhaustion on the buy side. RSI sits at 35.5 with plenty of room to drift lower, and the MACD histogram prints a persistent negative delta while ADX hovers quietly at 11.9, signaling steady continuation rather than a sudden flush. ⚡
Are you locking in shorts on this retracement or waiting for a deeper liquidity sweep before entry? 🤔
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #LIT #ShortSetup #Breakout #Crypto
📉 🐻
