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LIT's recent market movement is quite typical—dropping directly from a high of 4.389 down to 2.240. After this combined assault by the main players, the high-level trapped and short-term profit-taking positions have been basically cleared out. Now, the price is oscillating around 3.09 and stabilizing. After a slight correction over the past 24 hours, it has started to show signs of bottoming out.
The interesting part lies in the position data. The total contract holdings have decreased from the high levels, but the total value of holdings hasn't dropped accordingly, indicating that large investors haven't run away—they're just playing a game of chip exchange at low levels. The long-short ratio seems to be somewhat suppressing the bulls—both the number of short positions and the proportion of holdings aren't low. But importantly, the volume of active buying during this correction has been pulsing, clearly showing that big funds are quietly accumulating in the 3.0 range. Conversely, retail traders' short positions are clustered around this level, creating a clear divergence between long and short chips.
In the short-term rhythm, the price may repeatedly test between 3.0 and 3.2. The 24-hour high of 3.185 has now become a short-term resistance. The good news is that the 15-minute MACD has already formed a golden cross, and the trading volume has been decreasing during the correction, indicating that selling pressure has been mostly released. As long as the price can hold above 3.2, the upward rebound space will open quickly. Currently, this oscillation and bottoming phase is actually a golden window for gradually building long positions. The closer to the 3.0 support level, the higher the safety margin for going long.