🚀 $LIT on the Bullish Horizon! 🔥
$LIT is cruising in a solid bullish consolidation phase. I’m cautiously optimistic for a long here, but keeping solid risk controls in place. 💼
Here’s what I’m seeing 👀: The recent 1-hour candles are giving a hint—pullbacks with lower volume (1.86M vs 3.15M) feel more like profit-taking than selling pressure. 📉
Big picture: The capital flow is strong with a +9.64M USDT net inflow in the past 24 hours, overshadowing minor dips like -1.79M in 4 hours. This looks like institutional buying to me. 💸
For long entries, I’m eyeing $LIT around 3.020-3.050 USDT. It might retest the 20 MA and the middle Bollinger band—solid setup there! 🎯
Stop loss: 2.920 USDT (below support & lower Bollinger).
Target: 3.260 USDT (near 24h high & resistance zone). 🚀
Why? The MACD & KDJ are showing short-term bearish signs, but the solid 24h inflows and the higher lows pattern since 2.731 keep the risk/reward sweet for a push to 3.26. Plus, that 4.99% buffer to the high looks tempting. 📈
What’s your take on this setup? #LIT #CryptoTrading #LighterDEX 💬