Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON LITUSDT,
As we mentioned in the previous analysis attached in the chart, we were waiting for the correction to start.
And as the price will be approaching the lower rising trendline we will be looking for new longs as we are still overall bullish
Trading inside this rising broadening wedge pattern
So, for now the correction started and about to end.
However, we still need some confirmation for the bulls to kick in again, and for the bulls to kick in we need a break above the marked major swing high marked in the picture
Until that price can still trade lower and lower till the lower support zone where we will be looking again for new longs as well.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!