I looked at the LIT chart, and the situation is indeed quite interesting.
From the n-day chart structure, the price has touched the support level three times already, which is usually not a good sign. In plain terms, every rebound to this area gets pushed down, and the main force's intentions are becoming more obvious.
What’s more noteworthy is the performance of the trading volume—significantly increasing at high levels, but shrinking at low levels. This contrast clearly indicates the issue: holders are intentionally selling off at high levels, while retail investors' enthusiasm for buying is waning.
Currently, LIT is trading around 3.23, and technically, there is still considerable room for further decline. If this support truly breaks this time, the downside space will be even more open.
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AltcoinTherapist
· 13h ago
Touching the support level three times and then crashing down, the main force's approach is indeed a bit ruthless.
High-volume at high levels and low-volume at low levels, in simple terms, means that the chips are flowing upward. Retail investors should have been alert already.
If the 3.23 line cannot be held, be truly prepared mentally...
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CryptoDouble-O-Seven
· 13h ago
Three touches of the support level... If it really breaks this time, we need to be careful.
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High volume at the top, shrinking volume at the bottom, the main force is dumping, retail investors are still catching the bag.
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LIT's trend feels like it can test the bottom again.
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If it can't hold 3.23, there's no more support below, be prepared.
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Every rebound gets smashed down again, this routine is familiar, the main force's intentions are written all over their face.
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Volume speaks... Looks like someone is retreating at high levels.
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Breaking the support level would be troublesome, the space is indeed open, but not in a good way.
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LIT's chart is a bit interesting, but the meaning doesn't seem quite right.
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High volume at the top, shrinking volume smashing down, is this clearing out positions?
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LightningWallet
· 13h ago
Three touches without breaking, the main force's strategy of distribution is quite skillful. If this line at 3.23 can't really hold, we'll have to watch it go below 2 dollars.
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PumpAnalyst
· 13h ago
Having touched the support level three times without learning, this wave is really a bit fierce, the big players are obviously closing the net [Thinking]
High volume at the top, shrinking volume at the bottom, in simple terms, it's a cut; retail investors are still foolishly taking the bait
If it really breaks on 3.23, no one can predict the subsequent space, risk control must come first
I'm not trying to discourage, but this rhythm looks a bit too obvious, everyone must be cautious
Breaking the support level is just the beginning, the real test is still ahead, it is recommended to reduce positions first to protect capital, which is the most important
I looked at the LIT chart, and the situation is indeed quite interesting.
From the n-day chart structure, the price has touched the support level three times already, which is usually not a good sign. In plain terms, every rebound to this area gets pushed down, and the main force's intentions are becoming more obvious.
What’s more noteworthy is the performance of the trading volume—significantly increasing at high levels, but shrinking at low levels. This contrast clearly indicates the issue: holders are intentionally selling off at high levels, while retail investors' enthusiasm for buying is waning.
Currently, LIT is trading around 3.23, and technically, there is still considerable room for further decline. If this support truly breaks this time, the downside space will be even more open.