🚨 $LIT Clear downtrend, bears still dominate
Current trend is very clear:
Rebound volume is low 👉 Buying pressure is weak
Although the indicators show overselling, bearish momentum is strong + funds continue to flow out, the downside risk is not over yet
📉 Trading strategy (bearish)
Short position entry: 1.43 – 1.45 (rebound close to MA5)
Stop loss: 1.55 (above key resistance)
Target: 1.36
⚠️ Risk warning
If 1.36 is effectively broken below, the next target may look towards 1.257 (next support)
Bulls should not rush to catch the bottom, wait for RSI to return above 30 + improvement in MACD histogram before considering a safer entry
The market is following a trend, not emotions.
Act in accordance with the trend, control positions, discipline first.
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