Trade setup 🎯$LIT
Entry Zone:2.980 – 3.080
Targets
TP1: 3.260 (Recent High)
TP2: 3.450
TP3: 3.700
Stop-Loss
2.730
(Below the recent 24h low and MA(99) support)
Analysis
$LIT is currently exhibiting a strong bullish trend on the 1H timeframe. After a massive impulsive move from the 2.539 level, the price reached a peak of 3.260. We are currently seeing a healthy consolidation phase where the price is holding remarkably well above the MA(7) and MA(25) lines.
The volume bars show significant buying interest during the upward moves, followed by declining volume during pullbacks, which suggests that sellers are exhausted and buyers are in control. The price is currently building a higher-low structure, indicating that market participants are "buying the dip" rather than distributing their holdings.
Outlook
As long as the price remains above the major support of 2.750 (MA99), the overall bullish structure is intact.
A breakout and sustained candle close above 3.260 will likely trigger a fresh wave of momentum toward 3.45+.
If the price drops below 2.730, the current bullish setup would be invalidated, suggesting a deeper correction toward the 2.50 zone.$LIT
#BinanceAlphaAlert #Lıt #analysis