Postaus
$LIT
$LIT is the biggest red mover on this screen, trading near 1.19 after a heavy -16.67% drop.
This is not a strength setup yet. Sellers clearly have control from the visible move, so $LIT only becomes interesting as a bounce-watch if buyers defend the 1.15–1.18 area and start reclaiming lost ground. A push back above 1.25 would be the first sign that the pressure is cooling. If 1.12 breaks, the setup becomes weak fast.
Watch zone: 1.15–1.21
Key support: 1.12
Key resistance: 1.25
TG1: 1.28
TG2: 1.33
TG3: 1.39
Stop loss: 1.07
Invalidation: Below 1.05
Risk management note: After a -16% move, this needs strict risk control because failed bounce attempts can dump again quickly.
Pro tip: The first green reaction after a sharp drop is not enough; the real clue is whether price can reclaim and hold above resistance.
Would you watch $LIT for a bounce above 1.25, or wait to see if 1.15 gets defended first?
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