๐ $LITE is showing a potential technical setup!
The daily chart shows LITE/USDT testing range highs after a strong impulsive move upwards.
๐ The Technical Setup:
โข The Pattern: Range consolidation with upward breakout test
โข Short-term Target: 1,020.00
โข Macro Objective: 1,040.00
โข Market Structure: Breakout and consolidation
๐ฏ Key Levels to Watch:
โข Support / Accumulation Zone: 925.18 - 930.00
โข Resistance: 967.43 - 976.66
โข Breakout Level: 967.43
โข Stop Loss / Invalidation: 925.18
๐ Confirmation:
โข Volume: Neutral/standard volume
โข Momentum: Strong bullish candle printing near resistance
โข Trend: Higher timeframe uptrend continuation
โ ๏ธ Invalidation:
A decisive daily close below the 925.18 support level.
Monitor price action closely around the 967.43 resistance level for confirmation.
๐ Creator: NOUMAN_DON (@NOUMAN_DON)
#Lite #crypto #BinanceSquare #Binance #bitcoin
The daily chart shows LITE/USDT testing range highs after a strong impulsive move upwards.
๐ The Technical Setup:
โข The Pattern: Range consolidation with upward breakout test
โข Short-term Target: 1,020.00
โข Macro Objective: 1,040.00
โข Market Structure: Breakout and consolidation
๐ฏ Key Levels to Watch:
โข Support / Accumulation Zone: 925.18 - 930.00
โข Resistance: 967.43 - 976.66
โข Breakout Level: 967.43
โข Stop Loss / Invalidation: 925.18
๐ Confirmation:
โข Volume: Neutral/standard volume
โข Momentum: Strong bullish candle printing near resistance
โข Trend: Higher timeframe uptrend continuation
โ ๏ธ Invalidation:
A decisive daily close below the 925.18 support level.
Monitor price action closely around the 967.43 resistance level for confirmation.
๐ Creator: NOUMAN_DON (@NOUMAN_DON)
#Lite #crypto #BinanceSquare #Binance #bitcoin
