🔥$LIT Possible development scenario

1️⃣ Price holding

The price is kept stable in order to:

• maintain liquidity

• allow the market to accumulate more shorts

2️⃣ Fake upward impulse

Before the real movement, a possible:

• sharp but short rise

• stop losses of shorts being taken out

• attracting late longs

❗ This movement is not a reversal, but merely a trap.

3️⃣ Real dump

Only after:

• removal of liquidity from above

• apparent strong volume for sale

• confirmation with the next candle

Adjust risks yourself, do not forget about Stop-loss