Quick Summary for LIT$ Analysis on the 2-Hour Chart:
• Critical Level: 1.3458.
• Current Outlook: Cautiously bullish as long as price stays above 1.3458.
• Buy Scenario: • Wait for liquidity pull below 1.3458 followed by a strong bounce. • Entry confirmation via a bullish reversal candlestick. • Targets: 1.4025 then 1.4338. • If 1.4025 is broken and holds, the rally extends towards 1.4754.
• Sell Scenario: • A strong close below 1.3458 opens the path to 1.3159. • Breaking 1.3159 pushes the price down to 1.2317. • Prefer to short after the break and retest.
• Confirmation Signals: • For buying: Pin Bar or bullish engulfing or clear reversal at support. • For selling: bearish engulfing or market structure break followed by a retest.
Summary: 1.3458 is the key to the trend. Holding above it supports the rise towards 1.4025 and 1.4338, while breaking it shifts focus to 1.3159 then 1.2317.$BTC #
• Critical Level: 1.3458.
• Current Outlook: Cautiously bullish as long as price stays above 1.3458.
• Buy Scenario: • Wait for liquidity pull below 1.3458 followed by a strong bounce. • Entry confirmation via a bullish reversal candlestick. • Targets: 1.4025 then 1.4338. • If 1.4025 is broken and holds, the rally extends towards 1.4754.
• Sell Scenario: • A strong close below 1.3458 opens the path to 1.3159. • Breaking 1.3159 pushes the price down to 1.2317. • Prefer to short after the break and retest.
• Confirmation Signals: • For buying: Pin Bar or bullish engulfing or clear reversal at support. • For selling: bearish engulfing or market structure break followed by a retest.
Summary: 1.3458 is the key to the trend. Holding above it supports the rise towards 1.4025 and 1.4338, while breaking it shifts focus to 1.3159 then 1.2317.$BTC #