$LITE SHORT SETUP ... REJECTION AT RESISTANCE?
$LITE is facing selling pressure near the 634.19 resistance zone after a strong rally. A confirmed rejection could trigger a downside correction.
SHORT TRADE
Entry: 627.12
TP1: 610
TP2: 590
TP3: 570
SL: 640
A rejection from 634 could strengthen the bearish outlook, while a breakout above resistance may invalidate the setup. Watch for confirmation before entering.
$LITE is facing selling pressure near the 634.19 resistance zone after a strong rally. A confirmed rejection could trigger a downside correction.
SHORT TRADE
Entry: 627.12
TP1: 610
TP2: 590
TP3: 570
SL: 640
A rejection from 634 could strengthen the bearish outlook, while a breakout above resistance may invalidate the setup. Watch for confirmation before entering.
