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Recently, the $LIT trend has attracted attention. From a technical perspective, the coin price is facing downward pressure, and the short sellers are taking advantage of the situation. The downward trendline drawn on the chart has become an "excuse" for the bears.
At this point, two questions need to be clarified: Where is the take-profit point? This is not easy to determine and depends on the signals given by the market. What about stop-loss? Risk management is even more critical — set the maximum stop-loss at the point where the upward breakout of the downward trendline occurs. Once the price effectively breaks through this resistance, it indicates that the bearish momentum is weakening, and it’s time to consider exiting to cut losses.
The fundamentals and project direction of $LIT need to be judged by oneself, but in short-term trading, the rhythm of technical analysis and risk control are key indicators. As long as the downtrend has not been broken, be prepared for the worst-case scenario.