New wallet enters with 2.67M USD! $LIT Can we still chase at 2.6?


Brothers, a large order appeared on the LIT chain today.
News:
Whale enters: A new wallet deposited 2.67M USDC and opened a 1.62M LIT long position with 2x leverage, currently floating profit over 330K USD.
Token burn bullish: Lighter announced the permanent burn of approximately 15.5M LIT purchased through the buyback program, accounting for about 6.3% of the current circulating supply. The first burn will be initiated within a few weeks after the end of Q2.
DeFi sector leads: LIT surged 18.06% in 24 hours, becoming the top gainer in the DeFi sector.
Technical analysis:
Current price 2.6, slightly pulled back after breaking the BOLL upper band 2.63. RSI1 78 overbought.
Upper resistance: 2.66-2.70, break above to see 2.80.
Lower support: 2.42, strong support 2.21.
Gongming's view:
Whale enters with 2x leverage + token burn deflation. Mid-term bullish confirmed. But short-term RSI overbought, high risk in chasing highs.
Trading strategy:
Aggressive: enter long near current price 2.6;
Conservative: wait for a pullback to 2.42-2.45 to enter long.
Smart money has already entered with floating profit. Stay conservative, don't chase highs, wait for a pullback.
#Meta卖算力引发存储股大跌 #Vitalik公布精简以太坊路线图
LIT19.00%
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