LIGHT Bearish Continuation
Current Situation:
$LIGHT has faced a severe crash, dropping from the $1.00+ region down to $0.52. The selling pressure is extremely high, and the chart structure suggests the bears are still in full control. We are currently sitting at a critical psychological support level.
Trade Outlook:
Where to Short: The trend favors shorting on any small pump. If the price retests $0.58 - $0.60 and gets rejected, that is a prime short entry targeting new lows.
Critical Breakdown: A candle close below $0.50 will likely trigger another sharp drop toward $0.42.
Where to Long: Risky. Only consider a quick scalp long if we see a strong rejection wick at $0.51, targeting a relief bounce to $0.60.
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