Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
I think this wave of LIT's rebound has buried quite a few traps. A careful look at the 1-hour chart shows the clues—after rushing to 3.183, it immediately turned around. It has now fallen below the MA5 (3.085), MA10 (3.078), and MA20 (3.059), currently around 3.063.
From an indicator perspective, the signals are also not optimistic. RSI (6) is only 46.847, in a neutral to weak position. MACD provides a clearer picture: the increasing red bars are narrowing, and the DIF (0.002) is just about to cross above DEA (0.001), but the momentum is already waning. These signs together suggest that the main force is quite likely to be distributing at high levels.
From this position, you can go short directly at 3.063, with a stop-loss above the previous high of 3.183. The first target is 2.894 (the lowest in 24 hours). If broken, continue to watch 2.948 as a short-term support. The trend should be held firmly; traders aiming for short-term gains can take profits gradually at the support level. Don't be fooled by the false appearance of a weak rebound—main force may reverse and dump at any time. Once key support is broken, the decline will accelerate rapidly.