[$LIT Signal] Short + Volume Breakout

2026-01-19 23:33:54

After a volume-driven decline, the price action shows a clear weak breakout, accompanied by high trading volume and changes in open interest, indicating potential main force distribution or long liquidation pressure.

🎯 Direction: Short $LIT Short(

🎯 Entry: 1.630 - 1.660

🛑 Stop Loss: 1.720 )Rigid Stop Loss(

🚀 Target 1: 1.500

🚀 Target 2: 1.380

) The daily drop is nearly 15%, with a surge in volume. This is a typical weak signal. The price has broken through a key support area, and market logic suggests that combined with open interest, it indicates long liquidation or main force distribution. Currently, there is no effective buying support on the chart; any rebound to the previous support area (now resistance) is an opportunity for bears to add positions. The downward momentum has not yet been fully released, with targets looking toward the liquidity pool below.

Trade here 👇 $LIT

Follow me: Get more real-time analysis and insights on the crypto market!

#GateSpringFestivalCreatorIncentive

#US-EU Tariff Dispute Impacts Market

#CryptoMarketCorrection

#GateLaunchpadIMU

LIT-3.62%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.