[$LIT Signal] Short | Weak consolidation after volume breakout

2026-01-20 05:04:17

$LIT After experiencing a significant 6.81% decline with increased volume, it is now consolidating weakly at a low level. The price action shows sideways movement after the decline, combined with high open interest, which suggests more of a forced liquidation of long positions by major players rather than a healthy correction.

🎯Direction: Short (Short)

🎯Entry: 1.680 - 1.700

🛑Stop Loss: 1.750 (Rigid Stop Loss)

🚀Target 1: 1.550

🚀Target 2: 1.420

The decline of $LIT was accompanied by a trading volume exceeding 70 million USDT, indicating clear selling dominance. The price is consolidating below a key support level, lacking effective buying absorption. The high open interest suggests a large number of vulnerable long positions in the market, and any rebound could face further liquidation selling pressure. The current market structure leans towards bearishness, and after weak consolidation, the probability of further decline is higher.

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LIT-8.14%

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