$LIT /USDT - Technical Analysis & Trade Plan 🔥💯
📈 Current Price: $0.924 (+7.19%)
The chart signals strong bullish momentum, with price testing a critical resistance zone at $0.940-$0.950. This level has historically attracted sellers, but repeated retests indicate a potential breakout.
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Next Market Move
🔼 Bullish Scenario:
A breakout above $0.950 with strong volume could trigger a rally toward $0.980-$1.00 in the short term.
🔽 Bearish Scenario:
Failure to sustain above $0.940 might result in a retracement toward $0.900-$0.880, a well-defined demand zone.
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Trade Strategy
🔵 Long Entry:
1. Enter on a confirmed breakout above $0.950 (look for a volume spike and daily close above resistance).
2. Targets: $0.980 and $1.00
3. Stop-Loss: Below $0.920
🔴 Short Entry:
1. Enter if the price gets rejected at $0.940-$0.950 and closes below $0.920.
2. Targets: $0.900 and $0.880
3. Stop-Loss: Above $0.960
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Summary
LIT/USDT is at a pivotal resistance. Bulls need a decisive breakout to continue upward momentum, while bears could take over if rejection occurs.
Pro Tip: Wait for confirmation before entering trades and always manage risk with disciplined stop-loss levels.