Long entry Lighter/USDTOKX:LITUSDTEbonyFalconI hold a spot position in LIT, but I also opened a long perpetual position based on the 4-hour chart. My entry was supported by both the daily and 4-hour timeframes. Daily chart: The price appears to have found a bottom and has started forming a series of higher highs and higher lows. After rallying to the Fib 0.786 retracement level, the price pulled back to the Fib 0.5 level and then resumed moving higher. Momentum indicators remain in bullish territory and have reset, creating room for another leg up. 4H chart: The BBWP volatility indicator is beginning to expand, supporting the bullish move. Momentum indicators have also reset while remaining in the bull zone, suggesting that bullish momentum may continue to build. **Trade Setup** * Entry: $1.50 * Stop Loss: $1.42 * Profit Target: $1.75 * Risk: $0.08 * Reward: $0.25 * Risk-to-Reward Ratio: Approximately 1:3