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LIT / TetherUS

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LITUSDT trade ideas

🆓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
LIt rejected when trying to re-enter bullish channelLit got clearly rejected when trying to get back in to the channel, see highlight. If support (upper green box) to be broken, downwards action expected. The pitchfork , in which the middle line is the median of the price action, might give some guidance in finding a new channel. when 1). reaching the bottom of the channel 2) near the support (BOTTOM GREEN BOX) and 3 bullish divergence on the RSI , that might be a strong buy signal. when breaking the upper of the pitchfork , the schiffline (purple) needs to be broken to end the downtrend. This scenario only makes sense if first support is to be broken
by CryptoFrog09