$LIT / Litentry 📉

LIT shows a sell-the-rally bias, remaining in a broader downtrend. Price failed to sustain its mid-range bounce, now rolling over below declining EMAs. This indicates a continuation of distribution rather than a trend reversal.

Here are the key levels for this setup: 👇

Bias: SHORT
Entry: 1.620 – 1.660
Stop-Loss: 1.730
TP1: 1.555
TP2: 1.480
TP3: 1.380

Maintaining price below 1.730 is crucial; rebounds lacking follow-through should be faded. A clear acceptance above 1.730 would invalidate this setup, shifting the bias to neutral. ⚠️

#LIT #Altcoins #PriceAction

Trade LIT👇
(LITUSDT)