$LIT Bearish Retest Could Trigger A 35% Drop


#LIT has reclaimed its ascending trendline and is now retesting the previous breakdown zone as resistance.
This is a key decision area.
🔹 HTF Close > $2.418 → Bearish setup invalidated, opening the door toward $2.75+.
🔹 Rejection Below $2.418 → Bearish continuation remains valid.
Short Setup:
Entry: $2.20-$2.35
Targets: → $1.74 → $1.51 → $1.31 (0.618 Fib)
Stop Loss: HTF close Above $2.42
The current structure is a classic Breakdown → Reclaim → Retest setup. HTF confirmation will determine the next major move.
NFA. Always wait for HTF candle confirmation before taking a position.
LIT-4.10%
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