Two massive wins for the Crypto Market Structure Bill in the last 24 hours.


First, the National Organization of Black Law Enforcement Executives (NOBLE) endorsed the CLARITY Act, becoming the first major law enforcement organization to support it.
Now, the Major County Sheriffs of America have shifted their stance from "opposed" to "neutral" on the Crypto Market Structure Bill.
Two major law enforcement organizations have now stopped opposing the CLARITY Act.
We're getting closer to clearer crypto market regulations.
EqunixHub
LIT/USDT 10x chart, here is a concise trade plan:
$LIT #GTBurns2.57MInQ2

Current Context (as of latest price ~$2.5261)

· Trend: Strong bullish daily (+12.09%) but sharp pullback (-3.26% in 15 min) from the high.
· Price Action: Rejected firmly at $2.7368** (24h high); currently testing the **MA30 ($2.4476) as potential support.
· Momentum: Bearish divergence forming – MACD histogram negative, DIF below DEA; KDJ J-line extremely oversold (15.6) suggesting a possible short-term bounce.

Plan A: Fade the Rally (Short on Bounce) – Preferred

· Entry: Short on a pullback to $2.60–$2.62 (former support turned resistance, MA10/EMA10 cluster) if price fails to break above with strong volume.
· Stop-Loss: Above $2.68 (recent swing high).
· Take-Profit 1: $2.45 (MA30 support).
· Take-Profit 2: $2.30 (next psychological level / 24h low area).
· Risk/Reward: ~1:2 (risk 0.08, reward 0.15–0.30).

Plan B: Counter-Trend Bounce (Scalp)

· Entry: Buy only if price holds $2.44–$2.45 (MA30 support) with a bullish candlestick pattern (e.g., hammer, bullish engulfing) and increasing volume.
· Stop-Loss: Below $2.40 (break of support).
· Take-Profit: $2.56** (EMA5) and **$2.62 (MA10).
· Risk/Reward: ~1:1.5 (tight).

Plan C: Breakdown Continuation (If support fails)

· Entry: Short on a confirmed close below $2.44 with rising volume.
· Stop-Loss: Above $2.50.
· Target: $2.30** and **$2.20.
· Risk/Reward: ~1:2.

Key Levels to Watch

· Resistance: $2.5628 (EMA10), $2.6008 (MA10), $2.6189, $2.7368 (24h high).
· Support: $2.4476 (MA30), $2.4421, $2.2653, $2.2536 (24h low).

Indicators to Monitor

· MACD: Negative and DIF < DEA → bearish momentum intact. Wait for DIF to turn up before considering longs.
· KDJ: J=15.6 is oversold – a bounce is possible, but in a strong downtrend, oversold can stay oversold.
· Volume: 24h turnover $12.4M – decent liquidity; watch for volume spikes on breakouts/breakdowns.

Risk Management (10x Leverage)

· Reduce position size – leverage amplifies risk. Use 2–3% of account per trade.
· Tighten stop-loss to 3–5% from entry due to volatility.
· Avoid chasing – wait for price to reach key levels.

Final Call: Short on bounce (Plan A) is the highest probability given the rejection and bearish momentum. Only consider Plan B if price holds $2.44 with strong buying volume. Otherwise, let it break and follow Plan C.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned