Current $LIT price 3.551 USDT, showing high volatility in the 15-minute level (average volatility 2.99%)📈. Among the last 10 candlesticks, there were 4 consecutive bullish candles, particularly the 7th and 8th being strong bullish candles with increased volume, but the 9th and 10th bullish candles show weakened bodies and reduced volume, indicating that short-term upward momentum may slow down⚠️.
From the cyclical indicators, after consecutive rises, it is approaching local overheating, and caution should be exercised regarding the risk of pullbacks. Key resistance can be paid attention to around the previous high of 3.60, while support should be noted in the 3.43–3.38 area.
Short-term strategy:
If the price cannot break through 3.60 and shows stagnation or reversal candlesticks (such as upper shadows or bearish engulfing), consider lightly shorting, with a stop-loss set above 3.65, targeting 3.43–3.38🔥.
If it directly breaks down through 3.43 with increased volume, then follow the bearish trend, entering and exiting quickly.
If it strongly breaks through 3.60 and holds steady, then do not chase long positions for now, it's advisable to observe.
Whether to open a position: cautiously look for high short opportunities, but be sure to set a stop-loss to avoid being caught passively in a volatile market⚡️.
