Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
Here is a quick update on LIT📚
👉As we can see price broke above our major swing high rejecting our massive support zone, Meanwhile, price is retesting our previous major high, Where we will be looking for new longs as well.
👉Moreover, from a medium-term perspective, price got stuck inside this range, and for the bulls to kick in from a medium term, we need a break above the upper bound of this range, then a movement higher would be expected, Meanwhile, from a shorter-term perspective, we need a break above the marked swing high in between, for the bulls to trade higher from a short-term perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
Here is a quick update on LIT📚
👉As we can see price broke above our major swing high rejecting our massive support zone, Meanwhile, price is retesting our previous major high, Where we will be looking for new longs as well.
👉Moreover, from a medium-term perspective, price got stuck inside this range, and for the bulls to kick in from a medium term, we need a break above the upper bound of this range, then a movement higher would be expected, Meanwhile, from a shorter-term perspective, we need a break above the marked swing high in between, for the bulls to trade higher from a short-term perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!