Bullish Momentum Builds! Watch for Breakout Confirmation
💎 LIT has recently broken out of a trendline and formed a reversal W pattern, accompanied by signs of CHoCH and BOS in the price action, indicating a bullish market structure.
💎If the price manages to surpass the resistance area, it would signal a bullish movement for LITUSDT. Traders should also be prepared for a potential pullback to the bullish OB zone, where a bounce could occur, so it's important to monitor this level closely.
💎However, if LITUSDT experiences a breakdown below the demand area, it would disrupt the bullish scenario. In such a scenario, it would be advisable to exercise caution and refrain from trading until clearer market conditions emerge.
💎If the price manages to surpass the resistance area, it would signal a bullish movement for LITUSDT. Traders should also be prepared for a potential pullback to the bullish OB zone, where a bounce could occur, so it's important to monitor this level closely.
💎However, if LITUSDT experiences a breakdown below the demand area, it would disrupt the bullish scenario. In such a scenario, it would be advisable to exercise caution and refrain from trading until clearer market conditions emerge.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.