LIT is battling a steep downtrend, with price slipping below the 50‑day EMA and the recent break of its swing low. The market’s appetite for risk is turning sour, leaving the token vulnerable to a quick dive.
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$LIT SHORT 📉
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📍 Entry Range: $3.6309 – $3.6381
🛑 Stop Loss: $3.7435 (-3.0%)
🎯 TP1: $3.5800 (+1.5%)
🏆 TP2: $3.4528 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
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A clear change of character erupted as price pierced the prior swing high, confirming a bearish market structure break. The CVD turned negative on a surge of sell volume, while a fresh fair value gap aligns with a strong order block at the 3.6% level, creating a liquidity sweep and POI confluence.
A 3.0 % stop is relatively tight for this volatility, so keep leverage around 2‑3× to protect your margin.
Take half profit once the first target at 1.7 R is hit, around the next resistance cluster.
As always: manage your risk, this is not financial advice 🙏
$LIT #LITUSDT #ETH #TradingSignals #Write2Earn