LIT is poised for a sharp downturn, with the current market structure screaming for a reversal. The next 24 hours will be crucial in determining the fate of this trade setup.
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🔴 $LIT SHORT 📉
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📍 Entry Range: $2.0456 – $2.0496
🛑 Stop Loss: $2.1090 (-3.0%)
🎯 TP1: $2.0169 (+1.5%)
🏆 TP2: $1.9452 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
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The CHoCH signal just fired, confirming a break in market structure, while CVD is showing volume is firmly in favor of the bears - and with FVG and OB aligning perfectly, it's a textbook short setup. The POI confluence is the icing on the cake, giving us a clear entry and exit strategy. This setup has all the makings of a high-probability trade.
A 3.0% stop loss is relatively tight but given the high confidence level of 91%, it's manageable with 2-3x leverage, allowing for a decent risk-reward ratio of 1:1.7.
Taking partial profits at TP1 is a no-brainer, as it allows us to lock in some gains and ride the momentum with a reduced position size, all while keeping our eyes on the bigger prize.
Not financial advice — always manage your own risk 🙏
$LIT #LITUSDT #SaudiRoutesOilExportsViaSuez #TradingSignals #Write2Earn
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🔴 $LIT SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $2.0456 – $2.0496
🛑 Stop Loss: $2.1090 (-3.0%)
🎯 TP1: $2.0169 (+1.5%)
🏆 TP2: $1.9452 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
━━━━━━━━━━━━━━━━━━━━━
The CHoCH signal just fired, confirming a break in market structure, while CVD is showing volume is firmly in favor of the bears - and with FVG and OB aligning perfectly, it's a textbook short setup. The POI confluence is the icing on the cake, giving us a clear entry and exit strategy. This setup has all the makings of a high-probability trade.
A 3.0% stop loss is relatively tight but given the high confidence level of 91%, it's manageable with 2-3x leverage, allowing for a decent risk-reward ratio of 1:1.7.
Taking partial profits at TP1 is a no-brainer, as it allows us to lock in some gains and ride the momentum with a reduced position size, all while keeping our eyes on the bigger prize.
Not financial advice — always manage your own risk 🙏
$LIT #LITUSDT #SaudiRoutesOilExportsViaSuez #TradingSignals #Write2Earn