🔥 $LIT straight-up downtrend lately—no sugarcoating it, the chart's looking pretty rough with sellers in control. That said, I'm eyeing a cautious long here as a counter-trend move on 1-hour timeframe
Volume-wise, those latest red candles are telling: volume's cranking up on the drops, like that 2.8M spike at the recent low, which just screams heavy selling pressure building.
Capital flows aren't any better—net outflows everywhere you look, from -7.82M in 24h all the way to -23.14M over 7D. Feels like institutions are straight-up dumping, not accumulating.
Entry longs $LIT : wait for some rejection around that 2.30-2.41 support area, maybe with a solid 1H bullish candle to confirm it's holding.
Stop-loss at 2.230 USDT to keep risk around 7%, especially with ATR at 0.063 showing things can swing wild.
Target $LIT 2.616 USDT—could net about 8.5% from a 2.41 entry if we catch it right.
#lit #litusdt #lighter #LighterDEX