$LIT — Dead Cat Bounce Fading Beneath 3.9645 Resistance, Flush Incoming 📉
Trade Plan: Short $LIT
Entry: 3.90 - 3.95
SL: 4.2171
TP: 3.6059 | 3.2591 | 2.9643
Why this Setup On LIT?
The sharp rebound from the 3.6059 support is showing signs of a dead cat bounce, with price now stalling beneath the 3.9645 resistance zone. If this recovery fails to reclaim the supply area, another downside leg could open toward 3.6059, 3.2591 and 2.9643. As long as 4.2171 holds, the bearish setup remains valid.
Trade $LIT here 👇
Trade Plan: Short $LIT
Entry: 3.90 - 3.95
SL: 4.2171
TP: 3.6059 | 3.2591 | 2.9643
Why this Setup On LIT?
The sharp rebound from the 3.6059 support is showing signs of a dead cat bounce, with price now stalling beneath the 3.9645 resistance zone. If this recovery fails to reclaim the supply area, another downside leg could open toward 3.6059, 3.2591 and 2.9643. As long as 4.2171 holds, the bearish setup remains valid.
Trade $LIT here 👇
