LIT/USDT Facing on the key area. Bullish momentum if break!
💎 LIT has recently shown noteworthy market dynamics, currently encountering resistance at a bearish Order Block (OB) and supply area.
💎 A successful breakout above this supply zone could trigger bullish momentum, probability leading to significant upward movement toward our target strong resistance area.
💎 However, if LIT fails to break out of the supply zone, the price is likely to face rejection and move downward towards the Bullish OB area. Here, it may find support and attempt another bounce to retest the supply zone.
💎 Should LIT fail to bounce off the Bullish OB or even break down below the demand area, it would indicate a concerning sign as the price could continue its upward movement, ultimately targeting the demand area.
💎 The demand area holds significant importance as a crucial support zone. LIT must bounce off this level and reclaim the price above the demand area.
💎 Failure to do so could lead to further downside momentum, potentially pushing LIT's price even lower. Therefore, a bounce and successful reclaiming of the demand area are essential for maintaining bullish sentiment and preventing further downward movement.
💎 A successful breakout above this supply zone could trigger bullish momentum, probability leading to significant upward movement toward our target strong resistance area.
💎 However, if LIT fails to break out of the supply zone, the price is likely to face rejection and move downward towards the Bullish OB area. Here, it may find support and attempt another bounce to retest the supply zone.
💎 Should LIT fail to bounce off the Bullish OB or even break down below the demand area, it would indicate a concerning sign as the price could continue its upward movement, ultimately targeting the demand area.
💎 The demand area holds significant importance as a crucial support zone. LIT must bounce off this level and reclaim the price above the demand area.
💎 Failure to do so could lead to further downside momentum, potentially pushing LIT's price even lower. Therefore, a bounce and successful reclaiming of the demand area are essential for maintaining bullish sentiment and preventing further downward movement.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.