$LIT Short Liquidation Update

Short positions worth $2.3456K were liquidated at $2.34, signaling aggressive buy pressure and forcing bears to cover.

Market Structure

Price is holding above the liquidation zone, showing acceptance at higher levels. This behavior favors continuation if momentum remains supported.

Key Levels

Support: $2.32 – $2.25

Resistance: $2.48 → $2.65

Bullish Trade Setup

Entry: Break and hold above $2.48, or a controlled pullback holding above $2.32

Targets:

TP1: $2.65

TP2: $2.85

Stop Loss: Below $2.22

Market Sentiment

The short squeeze flipped control to buyers and strengthened upside momentum. With sellers cleared and structure intact, pullbacks are likely to attract demand.

Bullish bias remains active while price holds support and volume confirms continuation.

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