$LIT is rejecting from the top after a strong bounce – sellers stepping in...
Trade Plan: Short $LIT
Entry: 4.520 – 4.560
SL: 4.7375
TP: 4.4480 – 4.3550 – 4.2695
LIT bounced from 4.0400 to 4.6978, but is now rejecting from the top. Sellers are stepping in, and price is breaking below key resistance. If 4.4480 breaks, the next levels on the radar are 4.3550 and eventually 4.2695. A sustained reclaim above 4.7375 would invalidate the short setup.
Trade Plan: Short $LIT
Entry: 4.520 – 4.560
SL: 4.7375
TP: 4.4480 – 4.3550 – 4.2695
LIT bounced from 4.0400 to 4.6978, but is now rejecting from the top. Sellers are stepping in, and price is breaking below key resistance. If 4.4480 breaks, the next levels on the radar are 4.3550 and eventually 4.2695. A sustained reclaim above 4.7375 would invalidate the short setup.
