$LIGHT Is Moving! Reversal or Just a Fakeout 🚨.

→ Take a look at this chart guys, LIGHT just pulled a massive move, jumping over 140% today! After that crazy wick up to 1.4184, we are seeing some serious consolidation.

→ The market is currently in a stagnation zone (the orange zone on the chart) between $0.98 and $1.15. This is usually where the "big players" decide the next move while retail traders get chopped up.

→💡 What the Chart is Telling Us:

1. The Pump: We saw a vertical move from $0.31. That’s huge momentum, but it also means there’s a lot of "air" below us if support doesn't hold.

2. The Consolidation: The price is hugging the $1.10 level. Notice how the candles are getting smaller? Volatility is coiling up like a spring.

3. Order Book Heat: Looking at the depth, there’s a massive wall of "Ask" (sell) orders, which means the bears are trying hard to cap this rally 👀.

📉 My Trade Setup: Which Way are we Going?

→ If you're looking for an entry, don't FOMO in the middle of the box. Wait for the breakout:

1. 🚀 The Long Scenario (Bullish):

• Entry: Wait for a 15m or 1h candle to close above $1.16.

• Target: A retest of the daily high at $1.41 & up.

• Stop Loss: Keep it tight around $1.05.

2. 🐻 The Short Scenario (Bearish):

• Entry: If we lose the $0.98 support floor.

• Target: Looking for a pullback toward the $0.75 - $0.80 range to fill that gap.

• Stop Loss: Above the box at $1.12.

Personal Take: Honestly, after a 140% move, a "cooling off" period is normal. I’m leaning towards a Short if that $0.98 floor breaks 🕵🏻‍♂️, let's grow together 🤝.

→ Last but not least: Friends if you want to make a trade, use the tag below 👇🏻, it helps me a lot.

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