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[$LIT Signal] Short + Volume Breakout
$LIT After a volume-driven decline, the price action shows a clear weak breakout, accompanied by high trading volume, indicating that the main force is distributing rather than a simple long liquidation.
🎯 Direction: Short (Short)
🎯 Entry: 1.680 - 1.710
🛑 Stop Loss: 1.780 (Rigid Stop Loss)
🚀 Target 1: 1.550
🚀 Target 2: 1.420
$LIT On the daily chart, breaking below key support with a 16% decline and 87 million in volume is a strong trend confirmation signal. Changes in open interest should be interpreted in conjunction with price declines; this situation aligns more with a bearish-led sell-off. When the price rebounds to the previous support zone (now resistance), it will face new selling pressure. Market sentiment has shifted, and any rebound is an opportunity to establish short positions.
Trade here 👇 $LIT
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