🚨 $LIGHT EXTENDED AFTER A VERTICAL SPIKE — PULLBACK RISK ELEVATED
$LIGHT just printed a sharp, vertical impulse straight into major resistance — a classic exhaustion move. Price is now overextended, and historically these spikes don’t sustain without a reset.
Momentum is stretched, risk-reward for longs is poor, and chasing here is dangerous. A pullback toward lower levels would be far healthier for structure and liquidity.
📉 Short Trade Setup
Entry Zone: 0.405 – 0.418
Stop-Loss: 0.435
TP1: 0.385
TP2: 0.365
TP3: 0.340
As long as price remains capped below resistance, pullback and mean-reversion scenarios stay favored.
Trade $LIGHT Here 👇🏻
LIGHTUSDT
دائم
0.2388
+2.40%