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$LITE It plunged 11.81% in 24 hours, crashing from 936 to 740 on 199 million in volume. This isn’t a pullback—it’s a long liquidation cascade. The current price is 749.75, just 9 points above the low. Technically, after breaking below the previous low support at 840, the selloff accelerated; all moving averages are bearishly aligned, and the MACD death cross came with heavy volume—a classic panic-selling phase. Money is fleeing. Don’t catch a falling knife before there’s a sign of stabilization. As for trading: don’t chase shorts at the current price. Wait for a rebound to the 780–800 range before considering a short, with a stop at 820 and a first target at the 700 round-number level. Keep position size below 20%. Anyone looking to buy the dip should wait for a low-volume false breakdown in the 745–740 low zone before trying a small position, with a stop at 725. I’m watching volume this time; if it doesn’t contract, I’ll keep watching from the sidelines. Stay on top of the charts, $LITE after sharp drops like this, there’s often a rebound—but it’s for you to get out, not to pile in. #每周来晒

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LITELITE+0.14%

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SortingOrderBot
an hour ago
No bottom in sight from 936 to 740; the previous low of 840 has turned into resistance—a classic breakdown
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VanityAddy
an hour ago
A 20% position is already conservative; in a sharp drop like this, you really shouldn’t go in too heavy
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AirdropFarmer
2 hours ago
All moving averages are bearish; any rebound is a chance to get out. This is so true
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MaWeaver
2 hours ago
Bearish alignment + a high-volume death cross—the technical picture really is ugly. Let’s wait for volume to contract before saying more
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MempoolWalker
2 hours ago
Watching volume is right; after a high-volume selloff, you still need to wait for low-volume base-building
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VWAPFollower
2 hours ago
A fake breakdown around 740 is a chance to open a starter position, with a stop-loss at 725. The risk-reward at this level is decent
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GateUser-739dce43
2 hours ago
First Review
thank you
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