🔥$LIT Possible development scenario
1️⃣ Price holding
The price is kept stable in order to:
• maintain liquidity
• allow the market to accumulate more shorts
2️⃣ Fake upward impulse
Before the real movement, a possible:
• sharp but short rise
• stop losses of shorts being taken out
• attracting late longs
❗ This movement is not a reversal, but merely a trap.
3️⃣ Real dump
Only after:
• removal of liquidity from above
• apparent strong volume for sale
• confirmation with the next candle
Adjust risks yourself, do not forget about Stop-loss
1️⃣ Price holding
The price is kept stable in order to:
• maintain liquidity
• allow the market to accumulate more shorts
2️⃣ Fake upward impulse
Before the real movement, a possible:
• sharp but short rise
• stop losses of shorts being taken out
• attracting late longs
❗ This movement is not a reversal, but merely a trap.
3️⃣ Real dump
Only after:
• removal of liquidity from above
• apparent strong volume for sale
• confirmation with the next candle
Adjust risks yourself, do not forget about Stop-loss