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LIT

LITUSDT (LIT) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - LITUSDT brokeout above descending trendline resistance. - Price action is printing an ascending triangle pattern. - This is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the ascending triangle's horizontal resistance (R1). TARGETS 🎯 - Horizontal resistance level (R2). - Horizontal resistance level (R3). - Horizontal resistance level (R4). SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by Chibuike_Odoh
LIT/USDT - Exit from the global triangle. Secondary symmetric 🚀Hello everyone, analyzed the LIT/USDT pair The trading chart indicates all aspects that need to be taken to make decisions in opening a position. The first is to wait for confirmation. The second is to see the return. Third, look at the stability of the candles and the volume. There is a chance for a false breakout. The levels at which I work are indicated on the chart. -GANN'S ANGLE - INDICATED ON THE CHART Do not forget that if the father of cryptocurrencies falls, he will drag all his relatives with him. Be attentive, do not risk your money. Go to my free channel and chat with other traders. Link in the description "This is just my opinion, trade with your trading system." "Have a nice day everyone and comeback again."
Long
by CryptoJaegerB
1
🔥 LIT Bullish Reversal TradeLIT has been seeing some tough times as of late. A lot of cryptos are seeing bullish pressure, but it doesn't seem to be the case for LIT. What I do see is that lit seems to have a very strong support at the 6.50 area. This trade is based on a bullish reversal from said are. Before entering this trade wait for the price to touch the Entry line. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs/lows. Do your own due diligence. Happy trading!
Long
by FieryTrading
27
The Week Ahead: MJ, LIT, ICLN, IWM/RUT, TNXOptions Highly Liquid Single Name With Earnings in the Rear View Mirror, Ranked by Percentage the April 16th At-the-Money Short Straddle is Paying as a Function of Stock Price: AMC (24/221/50.6) (Movie Theatre) TLRY (26/162/44.7) (Cannabis) ACB (3/120/33.9) (Cannabis) NKLA (12/128/30.9) (EV) PLUG (44/114/30.7) (EV, Hydrogen) SPCE (22/106/28.9) (Space Tourism) CRON (47/104/28.3) (Cannabis) CGC (20/97/24.1) (Cannabis) M (18/95/21) (Department Store) PBR (16/117/18.7) (Petro) Options Highly Liquid Exchange-Traded Funds, Ranked by Percentage the April 16th At-the-Money Short Straddle is Paying as a Function of Stock Price: MJ (40/76/22.1) (Cannabis) LIT (46/57/15.5) (Lithium and Battery Tech) ICLN (9/53/14.5) (Global Clean Energy Index) EWZ (16/54/13.6) (Brazil) JETS (2/48/13.3) (Global Jets) SLV (30/49/12.4) (Silver) XRT (22/56/11.6) (Retail) XBI (24/41/11.2) (Biotech) XLE (9/49/11.2) (Energy) KRE (14/69/10.9( (Regional Banking) Broad Market, Ranked by Percentage the April 16th At-the-Money Short Straddle is Paying as a Function of Stock Price: IWM (18/36/9.5) (Russell 2000) QQQ (17/33/8.7) (Nasdaq) SPY (14/26/6.4) (S&P 500) DIA (7/24/6.1) (Dow Jones) EFA (18/19/5.7) (Global, ex. Canada/U.S.) Bond Funds, Ranked by Percentage the April 16th At-the-Money Short Straddle is Paying as a Function of Stock Price: TLT (23/27/4.9) (20+ Maturity Treasuries) (1.63% Yield) EMB (12/18/2.9) (Emerging Market Bonds) (3.99% Yield) HYG (17/15/2.8) (High Yield Corporate/Junk) (4.82% Yield) AGG (19/9/2.2) (U.S. Aggregate Bonds) (2.15% Yield) Comments: For a number of weeks running, implied remains high in the cannabis sector, with TLRY, ACB, CRON, and CGC at the top of the single name list, and MJ at the top of the ETF list. Pictured here is a plain Jane MJ April 16th 16 delta short put, which paid .63/contract as of Friday close, a potential 3.63% ROC at max, 28.2% annualized at max as a function of notional risk. Lithium and battery tech follows with the April (47 days) at-the-money short straddle paying greater than 15% and the April 15th 16 delta 51 short put paying 1.18 at the mid as of Friday close, a potential 2.37% ROC at max as a function of notional risk (18.4% annualized). The ICLN April 16th 17 delta 22 short put paid .47 as of Friday close -- 2.18% ROC at max as a function of notional risk (16.9% annualized). On the broad market front, IWM 30-day implied finished the week at >35%, followed by QQQ action at just a nibble under that mark at 33. The IWM April 16th 16 delta at the 189 was paying 3.05 (1.64% at max); the QQQ April 16th 16 at the 275, 4.15 (1.53% at max). An honorable mention goes out to the T-bill and TLT shorters (who knew that trading T bills could be fun?) who shorted TLT or /ZN at pandemic highs, only to see yields on the ten-year T's move from .50 to 1.5 (and TLT from the 170's to finish Friday's session at 143 and change.
AMEX:MJ
by NaughtyPines
1
🆓Litentry/USDT Analysis (25/2) #LIT $LITLIT is heading to 11$ after testing the 7$ zone. If it conquers 11$ zone successfully, we can see it at 15$ zone. At this moment, we have no enough data to calculate the higher targets But if it loses the 8$ zone again, the worst case will be happen when LIT may dump to 5$ zone 📈BUY -Buy: 7.8-8.2$. SL if B -Buy: 10.5-11$ if A. SL if B 📉SELL -Sell: 10.5-11$. SL if A -Sell: 14.5-15$. SL if A ♻️BACK-UP -Sell: 7.8-8.2$ if B. SL if A -Buy: 4.8-5.2$. SL if B ❓Details Condition A : "If 8H candle closes ABOVE this zone" Condition B : "If 8H candle closes BELOW this zone"
Long
by CryptoStation
2