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☄️#LITUSDT is currently compressed within a falling wedge pattern, which is typically seen as a bullish reversal indicator. However, if #LIT faces rejection at the wedge's upper trend line, we could see a retest of the significant support zone around $0.50. This level has consistently acted as strong support and holds substantial liquidity.

✔️Should #LITUSDT fail to bounce back from the $0.50 support, attention will shift to the next critical level at $0.40. Historically, this level has been a strong support zone, increasing the likelihood of a rebound.

✔️However, if #LIT breaks below these key support levels, bearish momentum may take over, potentially leading to further downward movement.

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72.1K viewsAug 12, 2024 at 08:54

☄️#LITUSDT is currently compressed within a falling wedge pattern, which is typically seen as a bullish reversal indicator. However, if #LIT faces rejection at the wedge's upper trend line, we could see a retest of the significant support zone around $0.50. This level has consistently acted as strong support and holds substantial liquidity.

✔️Should #LITUSDT fail to bounce back from the $0.50 support, attention will shift to the next critical level at $0.40. Historically, this level has been a strong support zone, increasing the likelihood of a rebound.

✔️However, if #LIT breaks below these key support levels, bearish momentum may take over, potentially leading to further downward movement.