🐻 $LIT ALERT — BEARISH VIBES IN CONSOLIDATION ZONE ⚠️
Price action on 1H chart shows strong rejection at 2.785 resistance. Since then, $LIT’s been stuck between 2.60-2.70, with dojis & spinning tops signaling indecision.
Support at 2.492 held well, but until price breaks above 2.70, bears remain in control.
Volume is light during this sideways move — momentum not building. That big spike near 2.492 likely shook out weak hands.
Capital flows show big outflows in the last 24h (-8.65M) & 7d (-40.5M) — institutions stepping back. But 4H chart’s slight inflow (+554K) hints some buyers are testing these levels.
Short Entry Zone: 2.68 – 2.70 (near R1 resistance)
Stop Loss: 2.745 (3.5% buffer with ATR and structure)
Target: 2.56 (key support)
$LIT Current: 2.639 🔻 -3.72%
🧐 Anyone else watching $LIT or have a different take?