LIT/USDT : Bullish Momentum Following Trendline Break
Trade Setup Overview
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Entry Level : $0.935
Stop Loss : $0.892
Target Levels :
Immediate Resistance : $1.085
Key Resistance : $1.135–$1.255
Technical Analysis :
Trendline Breakout : On the 4-hour chart, LIT broke above the key descending trendline, signaling a shift in momentum.
Retest Confirmation : Price successfully retested the breakout zone around $0.935, confirming support.
Volume Dynamics : Increased buying volume aligns with the breakout, indicating strong bullish interest.
Resistance Levels :
Primary Target Zone : $1.085 (first resistance).
Extended Targets : If momentum sustains, LIT could reach $1.135–$1.255.
Conclusion :
LIT/USDT exhibits bullish momentum following the confirmed trendline breakout. With a favorable risk-to-reward ratio, traders can look for potential gains toward $1.135–$1.255. Maintain caution as price approaches resistance levels.
Pro Tip for Investors :
Adjust stop-loss to breakeven once price hits $1.085 to lock in profits.
Monitor volume near resistance levels for potential rejection or continuation signals.
"Patience and disciplined risk management are key to maximizing this opportunity." 🚀