Another Bulls Eye‼️‼️‼️‼️

$LIT /USDT Urgent Signal Alert ‼️‼️


Current Price: $0.76

Direction: Short

Entry Point: $0.76 (current price)
Stop Loss: $0.78 (approximately 2.6% above entry to manage risk)
Take Profit: $0.73 (near support, approximately 3.9% gain)

Technical Analysis:
1. Daily Chart:
- The price has risen for three consecutive days and is now forming a double top pattern near $0.76-$0.77, indicating a potential reversal.
- RSI is nearing overbought territory, suggesting weakening bullish momentum.

2. 15-Minute Chart:
- Two consecutive bearish candles signal the start of a short-term downtrend.
- The 9-EMA has crossed below the 21-EMA, confirming bearish momentum on the shorter timeframe.

3. Volume:
- Decreasing buying volume and increasing selling volume further confirm the reversal.

Short Setup:
- Reason: The combination of a double top pattern on the daily chart and bearish signals on the 15-minute chart indicates a likely reversal and downward move.

Alternative Long Signal (if invalidated):
- Entry Point: $0.77 (if price breaks above the double top resistance).
- Stop Loss: $0.75 (below the breakout level).
- Take Profit: $0.81 (testing the next resistance).
- Reason: A breakout above the resistance zone would invalidate the bearish setup and signal further upside.

Risk Management:
- Use no more than 2% of your account balance per trade.
- Monitor key levels closely, particularly the $0.76 resistance and $0.73 support zones.

Signal Validity: Until the price moves significantly away from $0.76 or the trend direction changes.