๐ฅ $LIT
Market Outlook โ Bullish Structure Intact
Trend & Price Action
$LIT remains in a bullish trend following a strong 12% impulsive move, which was capped by resistance near 1.763. The most recent 1H candle printed a hammer within the 1.651โ1.682 zone, signaling buyer defense after the pullback and reinforcing short-term bullish intent.
Volatility & Fibonacci Context
The advance from 1.401 to 1.763 represents a 25.8% volatility expansion. Current price action is consolidating around the 61.8% Fibonacci retracement, a level often associated with trend continuation rather than reversal when supported by structure.
Volume Analysis
On the 4H timeframe, pullbacks are occurring with declining volume (2.5โ3M) compared to the ~8M volume during the rally, which points to healthy profit-taking instead of aggressive selling or distribution.
Spot Market Behavior
Consistent spot outflows across multiple timeframes suggest retail profit-taking, not large-scale exit. This aligns with a consolidation phase within an ongoing uptrend.
Trade Plan โ Long Setup
Primary Entry: 1.635 โ 1.645, aligned with MA20 confluence
Secondary Entry: Breakout above 1.695 with confirmed volume expansion
Stop Loss: 1.560, below key structural support and MA120
Targets: 1.73 โ 1.78, near prior highs and resistance extension
Risk Management Note
Momentum remains favorable, but continuation requires volume confirmation on expansion. Manage position size carefully and avoid chasing extended candles.
#LIT #LITUSDT #Lighter #LighterDEX ๐