LITUSDT - LITENTRY --> Potential Entry Setup //+60% \\
MODERATE TO HIGH RISK SETUP!
LIT is showing very healthy price action, its one of those alts that's been overreacting to btc going up and underreacting to it going down.
Its had some nice touches off 2 FIB levels and there is a very common trend line where LIT loves to come down and ounce off. Usually when it hits it, it doesn't come down much further.
BUT!
BTC is far from out of the woods, it could easily dip 4%, which could bring LIT down 12% and below the dotted trend line i have marked. Time your entry with where BTC bounces... if it comes down. This is what makes it a difficult entry. Set your buy limit greedily and live with the fact you may not get it. By greedily i mean set it low.
-=-=-=-=-=-=-
LIT TRADE
-=-=-=-=-=-=-
BUY: 7.9
TARGET: 12.9
STOP: 5% below your BUY
-=-=-=-=-=-=-
I love Litentry. One of, if not the only, project dealing with identity authentication in crypto, which is a side to transactions/defi/exchanges that is desperately needing a solution for. I love its price, i like its tokenomics, its team is very active. I think this is a fantastic price to be buying LIT and looking back at LIT price action, when it reaches this zone of price, it VERY often goes up 50%.
--==--==--==----==--==--==--
Fundamentals
--==--==--==--
Rank #305
Market Cap = $157,704,482
Decentralized identity authentication
Total Supply = 100,000,000
--==--==--==----==--==--==--
LIT is showing very healthy price action, its one of those alts that's been overreacting to btc going up and underreacting to it going down.
Its had some nice touches off 2 FIB levels and there is a very common trend line where LIT loves to come down and ounce off. Usually when it hits it, it doesn't come down much further.
BUT!
BTC is far from out of the woods, it could easily dip 4%, which could bring LIT down 12% and below the dotted trend line i have marked. Time your entry with where BTC bounces... if it comes down. This is what makes it a difficult entry. Set your buy limit greedily and live with the fact you may not get it. By greedily i mean set it low.
-=-=-=-=-=-=-
LIT TRADE
-=-=-=-=-=-=-
BUY: 7.9
TARGET: 12.9
STOP: 5% below your BUY
-=-=-=-=-=-=-
I love Litentry. One of, if not the only, project dealing with identity authentication in crypto, which is a side to transactions/defi/exchanges that is desperately needing a solution for. I love its price, i like its tokenomics, its team is very active. I think this is a fantastic price to be buying LIT and looking back at LIT price action, when it reaches this zone of price, it VERY often goes up 50%.
--==--==--==----==--==--==--
Fundamentals
--==--==--==--
Rank #305
Market Cap = $157,704,482
Decentralized identity authentication
Total Supply = 100,000,000
--==--==--==----==--==--==--
Trade active:
Just missed buy zone but be patient imo, 2 plays atm, wait for it to come back to the .236 fib I have charted, or play the breakout. IMO the breakout play on the the upper trend line in the above pic could work, but needs to be very actively traded!
Just missed buy zone but be patient imo, 2 plays atm, wait for it to come back to the .236 fib I have charted, or play the breakout. IMO the breakout play on the the upper trend line in the above pic could work, but needs to be very actively traded!
