$LIT - SHORT Setup
Entry: 3.600 – 3.800 (On a clear rejection at the resistance zone following the historic pump)
Target 1:3.200
Target 2:3.000
Stop Loss:4.000 (Above the swing high)
My View:
LIT is in an absolute parabolic frenzy,up over 485% across multiple timeframes. The price is in a state of extreme euphoria after a vertical rally. Such moves are mathematically unsustainable and result in the most violent corrections. The -7% move today from the highs is the first sign of potential exhaustion. The volume is significant. This is an ultra-high-risk mean reversion play. The only conceivable short entry is on undeniable evidence of a top—a massive bearish reversal candle on the daily or a failed breakout. This requires extreme patience; entering early is a guaranteed loss. The pre-market warning highlights the exceptional volatility.
Bias: Bearish for a catastrophic correction. Bullish trend intact above $3.80.
Disclaimer:Extremely high risk. My plan. Not advice. Trade your own risk. – Trade Plan (SHORT Setup)
Entry: 3.600 – 3.800 (On a clear rejection at the resistance zone following the historic pump)
Target 1:3.200
Target 2:3.000
Stop Loss:4.000 (Above the swing high)
My View:
LIT is in an absolute parabolic frenzy,up over 485% across multiple timeframes. The price is in a state of extreme euphoria after a vertical rally. Such moves are mathematically unsustainable and result in the most violent corrections. The -7% move today from the highs is the first sign of potential exhaustion. The volume is significant. This is an ultra-high-risk mean reversion play. The only conceivable short entry is on undeniable evidence of a top—a massive bearish reversal candle on the daily or a failed breakout. This requires extreme patience; entering early is a guaranteed loss. The pre-market warning highlights the exceptional volatility.
Bias: Bearish for a catastrophic correction. Bullish trend intact above $3.80.
Disclaimer:Extremely high risk. My plan. Not advice. Trade your own risk.
