🟢 Trade Direction: LONG (Conditional)
💰 Reference Liquidation Price: $689.7858
🎯 Entry Zone: Breakout and successful retest of $887–$900
🎯 Take Profit Targets:
- TP1: $920
- TP2: $960
- TP3: $1,000
🛑 Stop Loss: $860
📈 Technical Analysis:
LITE has experienced significant volatility following its recent price decline. The $805–$840 region is an important near-term support area, while $887–$900 represents immediate resistance.
The RSI near 46 suggests that bullish momentum is not yet firmly established. A sustained breakout above $900, supported by stronger trading volume, could open the door for a recovery toward $920 and higher resistance levels.
⚠️ Invalidation: A confirmed breakdown below $860 after entry invalidates this bullish setup.
Risk Management: Wait for breakout confirmation, avoid chasing price, and maintain disciplined position sizing.
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