$LIT The bearish iron fist is still exerting pressure! 🚨

Since the decline began at $3.07, it has lasted 25 hours. The trend line has moved down from $3.305 to $2.807, forming a stubborn resistance. The current price is $2.62, still firmly below the trend line, indicating the continuation of the bearish trend.

Although it rebounded 17% from the low of $2.24, there is heavy resistance at $3.06 above, making the rebound path difficult. The price is still 7% away from the trend line, and the bears are still in control.

Keep a close eye on the $2.807 trailing stop line; only a breakout could give a breather. Otherwise, every rebound is just ammunition for the bears! 🔻