$LIT USDT is showing strong signs of a potential bottom reversal after a sharp -13.52% drop to 2.334! 📉→🚀
Price has plunged from recent highs near 2.72, but key indicators are flashing oversold conditions and reversal potential:
RSI(14) at 28.60 – deeply oversold, screaming for a bounce
RSI(6) even lower at 21.90 – extreme seller exhaustion
Stochastic K: 28.78, D: 40.92, J: 4.50 – low and curling up for bullish cross
Long/Short Ratio leaning Short-heavy (L: ~43-57%, S dominant) – classic contrarian setup where too many bears = fuel for upside squeeze
Volume spike on the red candle, but now cooling – possible capitulation
Price testing lower Bollinger Band (~2.25) with middle band at ~2.936 – rebound zone activated
After post-launch volatility digestion, this looks like a classic oversold bounce opportunity in a high-risk/high-reward perpetual pair. Liquidity is building, and early movers could catch the next leg up!
TRADE IDEA (SHORT-TERM LONG SETUP)
Buy $LIT USDT Now around 2.33-2.35 zone!
Entry: ~2.334
Take Profit 1: 2.72 (recent high, ~+16%)
Take Profit 2: 3.00 (strong resistance, ~+28%)
Stop Loss: 2.20 (below 24h low, invalidate if broken, ~ -6%)
Risk tight, reward juicy – perfect for scalpers & swing traders on Binance Futures!
High volatility ahead – pre-market vibes still in play, so size small & manage risk like a pro. DYOR & trade responsibly!
Who’s jumping in on this dip? Drop 🔥 if you're bullish on $LIT rebound!
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