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#LIT is bouncing… but the larger structure still looks bearish.
Price is trading below the descending trendline and 200 EMA as it tests the $2.30-2.35 resistance zone.
Price rejection again in this area I am looking for 2.00 first with a possible deeper move to 1.70.
The setup would change for the bulls if there was a clean breakout above $2.35.
NFA, DYOR