LIT/USDTPERP Long-Term Trend: Bullish
Key Resistance Levels: 4.236, 6.203, 7.791
Key Support Levels: 3.064, 2.429, 2.045
The price on the higher time frame succeeded to break the strong resistance line around the 3.064 USDT and retrace to it. The market continued its move upward in the same direction of the main trend by posting three consecutives bullish bars.
LIT/USDTPERP Medium-Term Trend: Bullish
On the lower time frame, the price is posting higher highs and lows where it retraced to the previous swing and posted a correction count. We are expecting a movement to the upside where the buyers took control of the market around the 61.80% Fibonacci retracement level.
Buy Limit Order @ 3.855
TP 1 @ 4.210
TP 2 @ 6.203
Stop Loss @ 3.754
Trade Safely 🙂