Litentry (LIT)

On the above 3-day chart price action has corrected over 90% since April 2021. Today is great long opportunity. Why?

1) A strong buy signal prints (not shown).

2) Price action / RSI resistance breakouts.

3) Weekly BTC pair reclaims the 21-week EMA bull market support.


Is it possible price action falls further? Sure.
Is it probable? No.

Ww


Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: $2.15 is the first target

Trade active:

Making good progress structurally speaking, lots of weak hands are flushed out from the candles printing, i.e. the underlying wicks.

Trade active:

on support

Comment:

GRM support confirmed

Trade active:

Support confirmed

Comment:

Trade active

Comment:

Past resistance confirms support, expect a strong move over the coming weeks.