🚨 $LIT CRACKS CRUCIAL SUPPORT AS MOVING AVERAGES CASCADE DOWNWARD! 📉
Entry: 3.0319 🔥
Target: 2.91537 🎯
Stop Loss: 3.12513 🛑
Sellers are firmly in control as $LIT drops below the 200 EMA, confirming a textbook bearish cascade across the 20, 50, and 200 moving averages. 📊 Volume is running 1.34x above the 20-bar average, showing clear distribution with MACD ticking deeper into negative territory.
💡 Momentum favors the downside with RSI hovering weak at 39.6, setting up a clean continuation play on any minor relief bounce. 💬 Are you shorting this retest or waiting for a flush toward lower support? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #LIT #ShortSetup #CryptoTrading #Bearish
🎯 🐻
Entry: 3.0319 🔥
Target: 2.91537 🎯
Stop Loss: 3.12513 🛑
Sellers are firmly in control as $LIT drops below the 200 EMA, confirming a textbook bearish cascade across the 20, 50, and 200 moving averages. 📊 Volume is running 1.34x above the 20-bar average, showing clear distribution with MACD ticking deeper into negative territory.
💡 Momentum favors the downside with RSI hovering weak at 39.6, setting up a clean continuation play on any minor relief bounce. 💬 Are you shorting this retest or waiting for a flush toward lower support? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #LIT #ShortSetup #CryptoTrading #Bearish
🎯 🐻