🔥 $LIT pulling back a bit after a solid run, but the overall vibe still feels bullish to me.
*Volume stuff:
That latest 4-hour candle? Huge volume jump to 13.98M – biggest I've seen here – and it came with a nice price pop from 3.35 to 3.611. Screams breakout with real conviction. The next one though has super low volume, so probably just a breather or small pullback after the pump.
*Capital flows (futures):
Longer-term flows are looking strong and positive, like +3.81M over 24 hours – that's fresh money piling into longs, backing up the breakout story. Shorter stuff (1H: -158k, 4H: -418k) shows some profit-taking or shorts jumping in during the dip, which is pretty standard after a rally like that.
My Overall thoughts $LIT
Cautiously bullish, and I'd be eyeing long entries on dips. You've got that high-volume breakout, a bullish MACD cross, solid inflows over longer periods, and price chilling above important MAs – all pointing up. But with short-term RSI overbought and testing the upper Bollinger, don't chase it right now; wait for a better spot.
*Entry ideas:
Hunt for a pullback to the support area around 3.35 (ties in with MA20) down to 3.299 (Support).
Conservative play: wait for a rejection pattern like a hammer or engulfing bullish candle there. If you're aggressive, current level at ~3.47 could work with a tight stop, but yeah, riskier.
*Stop-loss: Say you get in near 3.35, stop around 3.24 (just under the recent low at 3.232)
*Targets $LIT
First off, aim for the recent high at 3.79, then Resistance at 3.857
If we smash through that, next resistance at 4.103 is next in line.
You jumping on dips, or waiting for more confirmation?
#Lit #litusdt #Litentry