【$LIT Signal】1H Overbought Pullback, wait for retracement to go long

$LIT 1H RSI 84.28, Bollinger Band upper band 1.138 broken, clear buy-side gap. 4H MACD still diverging, volume not supporting, initial price-volume divergence. Funding rate 0.005% normal, OI stable, no short squeeze conditions. Current risk-reward ratio very low, high risk in chasing longs. Place order near the upper boundary of the retracement zone.

🎯Direction: Long (Place order)

⚡Entry/Order: 1.139

🛑Stop loss: 0.937

🚀Target 1: 1.147

🚀Target 2: 1.151

🛡️Trade management: Reduce 50% at Target 1, move stop loss up to 1.139 to break even. If price drops below 1.139, exit automatically, do not hold the position.

Depth logic: After a series of 1H bullish candles, an upper shadow appears, indicating selling pressure is building. RSI at high level turning down, short-term correction needed. 4H trend remains strong, low probability of retracing to EMA20 (1.0346), prioritize shallow correction to previous high support at 1.139. This order can catch a secondary rally, widen stop loss to 0.937 to avoid being stopped out by a quick dip. Limited profit space, quick in and out.

Check real-time market 👇 $LIT
---
Follow me: Get more real-time analysis and insights on the crypto market!
#TradFi交易分享挑战 #PYTH今日解锁21.3亿枚代币 $BTC $ETH $SOL