$LIGHT
Price is currently consolidating after a sharp dump and bounce. Market structure is weak and price is trading below EMA(25) & EMA(99), indicating bearish pressure.
Buy Zone:
• $0.50 – $0.52 (strong demand & previous base)
Sell / Resistance:
• $0.58 – $0.60 (EMA zone & rejection area)
Invalidation:
• Daily close above $0.62
Bias:
Neutral → Bearish until a strong breakout above resistance.
Safer approach is to wait for dip buys near support or sell on rejection at resistance.
Always manage risk and wait for confirmation. ⚠️📊
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