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🔥LIT surged 20% to 2.18! Whales are distributing, retail investors are buying the top?
The crazier the rise, the faster you should run — those who chase highs often end up being the last to foot the bill.
I'm Anna. Let me make three points quickly:
First, the technicals show a "fake rally." The price went from 1.73 to 2.18, but volume is much lower than before — this is called a "low-volume rally," indicating no real money is following. MACD also shows weak bullish momentum, a classic bull trap signal.
Second, the liquidation map hides a deadly trap. Above 2.10-2.18 is where short positions are about to be liquidated. Whales can easily push the price up to take out the shorts, then turn around and dump to harvest the longs. Below 1.85 is their true "hunting zone."
Third, smart money is already running. The average cost for longs is only 1.65, now with an unrealized gain of 26% — all longs are in profit. Why wouldn't they run? Meanwhile, shorts are getting wrecked beyond recognition. Do you still dare to chase?
In terms of news, buyback and burn, listing on Robinhood — all old news that's been priced in. Once released, the price drops — classic "sell the news."
Operation: Short near 2.10-2.18; go long after it drops to 1.85-1.90.
🎯 Finally, let me ask you: Do you think LIT can hold 2.2, or will it drop back to 1.8? Type 1 for bullish, type 2 for bearish — tomorrow we'll come back and see who gets egg on their face! Don't be the last bag holder.#Gate股票转仓功能上线 $LIT #Circle股价重挫17% $BTC