INSTITUTIONAL DISTRIBUTION ACCELERATES AS $LIT REJECTS KEY MOVING AVERAGE RESISTANCE! 📉 🔻
Entry: 2.9623 ⚡
Target: 2.8402 🎯
Stop Loss: 3.05998 🛑
Trend continuation on $LIT reveals systematic institutional unloading below the 200 EMA. 📊 With the 20, 50, and 200 EMAs aligned downward and trading volume surging to 1.79x the baseline average, sellers are aggressively capping every relief attempt.
🌊 Momentum remains tilted heavily south as MACD prints sustained negative expansion alongside an RSI reading dipping to 28.4. A disciplined retest around 2.9623 offers a high-probability continuation short into resting sell-side liquidity pools below. 💬 Are you positioning for the breakdown continuation, or holding out for an oversold bounce? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #LIT #ShortSetup #PriceAction #Bearish #Crypto
🎯 🦈
Entry: 2.9623 ⚡
Target: 2.8402 🎯
Stop Loss: 3.05998 🛑
Trend continuation on $LIT reveals systematic institutional unloading below the 200 EMA. 📊 With the 20, 50, and 200 EMAs aligned downward and trading volume surging to 1.79x the baseline average, sellers are aggressively capping every relief attempt.
🌊 Momentum remains tilted heavily south as MACD prints sustained negative expansion alongside an RSI reading dipping to 28.4. A disciplined retest around 2.9623 offers a high-probability continuation short into resting sell-side liquidity pools below. 💬 Are you positioning for the breakdown continuation, or holding out for an oversold bounce? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #LIT #ShortSetup #PriceAction #Bearish #Crypto
🎯 🦈