$LIGHT Rejected from Key Resistance: Short Opportunity Identified 🔴

$LIGHT surged to 0.1855 on the 4H timeframe but faced a strong rejection, leading to a consistent fade. The EMA99 at 0.1763 now serves as a significant resistance. With RSI cooling from overbought levels, momentum indicates a weakening bullish trend. 👀

The 15M timeframe further confirms this bearish sentiment. Price was rejected from 0.1678, and all three EMAs are now compressed with price trading below them. RSI sits at 41, pointing downwards, suggesting increasing seller pressure. 📉

Here is the proposed short setup 👇

🔴 LIGHTUSDT SHORT

📌 Entry: 0.1643 — 0.1656
❌ SL: 0.1710
🎯 TP1: 0.1604
🎯 TP2: 0.1574
🎯 TP3: 0.1530

This setup presents a clear risk-to-reward ratio. The Entry is precisely defined, SL is placed above key resistance, and TP targets align with established support levels. 💎

Overall momentum has shifted bearish. Consider fading any rallies and positioning for a pullback. Always perform your own research (DYOR) and manage risk diligently. 🙏

Are you entering this short, or awaiting further confirmation? Share your thoughts below! 👇

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