$LIGHT — Post-Flush Rebound Brewing? Bears Still in Control
Short $LIGHT
• Entry: 0.1600 – 0.1622
• Stop Loss: 0.1700
Targets:
• TP1: 0.1527
• TP2: 0.1431
• TP3: 0.1300
LIGHT has just gone through a massive liquidation flush from the 0.29 zone, and now price is stabilizing near the 0.1527 support area. This is exactly the kind of structure that often follows a violent selloff — a brief consolidation before the next move.
On the 1H chart, the trend remains strongly bearish, but the current base is forming right at a major support pocket. If price retraces into the 0.1600–0.1622 resistance zone, that could offer a clean high-RR short opportunity.
Selling pressure has not fully disappeared yet, and the lower timeframe structure still favors continuation unless bulls reclaim the broken levels with strength.
The bearish bias stays valid as long as price remains below 0.1622 and fails to reclaim 0.1700. Manage risk strictly and watch for a rejection from resistance before entering.
Trade $LIGHT here 👇🏻
{future}(LIGHTUSDT)
#LIGHT #CryptoTrading #BinanceSquare #FOMO