$LIGHT Short Liquidation: $7.8698K at $0.5234
Short sellers were aggressively squeezed as LIGHT pushed higher with strong continuation buying. Price broke decisively above the short pressure zone, triggering a cascade of stop losses and forcing shorts to cover rapidly. The size of the liquidation confirms sellers were overcrowded and caught offside, handing control firmly to buyers.
Entry (EP): $0.51980
Take Profit (TP): $0.55800
Stop Loss (SL): $0.50650
Market Outlook:
$LIGHT is showing strong short-term bullish momentum after clearing a heavy pocket of weak shorts near support. As long as price holds above the $0.52–0.523 zone, further upside continuation toward higher resistance is likely. Volatility remains elevated avoid chasing, wait for pullbacks, and manage risk with strict discipline.
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