$LIGHT / USDT — BEARISH CONTINUATION ⚠️ DEAD-CAT BOUNCE INTO HEAVY RESISTANCE
LIGHT’s sharp +18% spike is a counter-trend relief bounce, not a reversal. Price remains well below MA(7) and MA(25) after a major breakdown from higher levels, confirming a bearish market structure. Unless bulls reclaim key moving averages, this move is likely to fade with sellers reasserting control into overhead resistance.
📉 TRADE SETUP (SHORT-BIASED)
Entry Zone:
• $0.60 – $0.68 (sell into bounce / rejection zone)
Take Profits:
• TP1: $0.47 (local support retest)
• TP2: $0.35 (mid-demand zone)
• TP3: $0.25 (deep liquidity sweep)
Stop Loss:
• $0.78 (above MA(7) & structure invalidation)
🔍 SHORT MARKET OUTLOOK
Trend: Bearish (major lower-high structure intact)
Momentum: Weak bounce, volume still lagging
Key Resistance: $0.77 → $1.21
Key Support: $0.47 → $0.25
As long as price stays below $0.77, rallies remain high-risk and vulnerable to sharp sell-offs.
For bulls to flip bias, $LIGHT must reclaim and hold above $1.21 — until then, this is a sell-the-rally market.
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