$LIGHT — Sell the Rally: High-Probability Short Setup Unfolding
Short $LIGHT
• Entry: 0.1860 – 0.1900
• Stop Loss: 0.2005
Targets:
• TP1: 0.1806
• TP2: 0.1760
• TP3: 0.1700
• TP4: 0.1620
LIGHT is still showing a bearish market structure after the strong rejection from the recent spike high around the 0.37–0.39 zone. What we are seeing now looks more like a weak relief bounce inside a downtrend rather than a true reversal. The 1D timeframe continues to print lower highs and lower lows, while the 4H chart confirms that sellers are still defending every bounce. On the 1H, price is only pausing near support, with no strong breakout confirmation from buyers yet.
This makes the current zone a high-probability short area as long as price remains below 0.20. The move is still technically heavy, and any bounce into resistance could be used as a continuation entry for the next leg lower. A strong reclaim above 0.2005 would invalidate the bearish setup and suggest a deeper recovery attempt.
Bearish bias remains valid unless LIGHT reclaims the 0.20 area with strength.
Trade with patience, manage risk properly, and wait for the rejection — that is where the cleanest short opportunity may appear.
Trade $LIGHT here 👇🏻
