$LIT /USDT SHORT TRADE SETUP
$LIT is currently trading at 1.681, showing signs of exhaustion after failing to sustain momentum above the 1.709 local peak. The 15m chart displays a rejection at the 1.706 level, followed by a series of bearish candles that suggest a lack of immediate buying interest. While the asset has seen a slight recovery of +0.96% today, it remains down significantly (-18.95%) over the last 7 days, indicating a broader bearish trend. Technical sentiment is cautious as the price hovers near its 24h high, with potential selling pressure building if it fails to reclaim the 1.70 region. Multiple indicators suggest a potential retracement toward the recent daily low of 1.525 if support levels are breached.
Target Points
TP1: 1.635
TP2: 1.589
TP3: 1.525
Stop Loss
Set stop loss above 1.715 to manage risk against a potential breakout or sudden relief bounce above the current resistance zone.
Buy and Trade here on $LIT
