LIT has just completed a volume-driven decline on the 1-hour chart, followed by a partial rebound. However, a closer look at the 4-hour trend line shows that the price is still operating below, which is quite interesting — each rebound's high point is getting lower, a typical sign of weakness.
From a trading perspective, if the bearish trend continues, you can gradually reduce positions or take profits at the rebound highs, and setting a stop loss around 3.55 would be more prudent. Of course, this is just based on current chart observations; specific trading decisions should also consider individual risk tolerance and market environment changes. The market is ever-changing, so staying alert is the most important.
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SellLowExpert
· 22h ago
With such obvious weakness, you should have reduced your position early. Sell on the rebound and don't wait until the high point to regret.
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SchroedingerMiner
· 12-28 06:39
Weak rebound high point keeps going down, feels like this LIT is about to fail
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LazyDevMiner
· 12-26 17:57
It's another rebound followed by a sell-off. We're already tired of this routine.
I bet LIT will continue to decline; the 3.55 level must hold.
I should have sold at the high point; now I can only reduce my position to cut losses.
When will this round of weakness end? I'm exhausted.
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quietly_staking
· 12-26 17:44
It's the same old trick of rebound peaks getting lower and lower; this wave of LIT just doesn't look exciting.
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rugpull_survivor
· 12-26 17:32
It's the same pattern of a rebound peak followed by a drop, always getting caught.
LIT should still hold at 3.55 this time, anyway I don't dare to chase anymore.
Weakness is weakness, after so many fake-outs, who still believes in the rebound.
The market really changes in the blink of an eye; yesterday I thought it was stable, but today it's all gone.
Feeling that the 4-hour trend is a bit dangerous, reducing positions is the right move.
LIT has just completed a volume-driven decline on the 1-hour chart, followed by a partial rebound. However, a closer look at the 4-hour trend line shows that the price is still operating below, which is quite interesting — each rebound's high point is getting lower, a typical sign of weakness.
From a trading perspective, if the bearish trend continues, you can gradually reduce positions or take profits at the rebound highs, and setting a stop loss around 3.55 would be more prudent. Of course, this is just based on current chart observations; specific trading decisions should also consider individual risk tolerance and market environment changes. The market is ever-changing, so staying alert is the most important.