📉 $LIGHT : THE LONG SQUEEZE ISN'T OVER YET 🚨
While retail is "dip-buying" the -37% drop (72% Longs), the on-chain data suggests a major Liquidity Flush is still to come. The "bottom" hasn't been found—it's being hunted.
🔍 The Bearish Breakdown:
Funding Collapse: Funding crashed from +0.078% to 0.005%. Longs are losing their conviction as the cost to hold remains while price stagnates.
Long Liquidation: OI is sliding (36M → 30M). This isn't a short squeeze—it's bulls being systematically liquidated as exit liquidity.
Liquidity Magnet: The 12h Heatmap shows massive untapped stops sitting between 0.133 – 0.135.
📉 THE TRADE SETUP:$LIGHT
Direction: SHORT 🔴
Entry Zone: 0.1530 – 0.1550 (Sell the pullback)
Target 1: 0.1430 (24h Low Sweep)
Target 2: 0.1340 (Major SSL Cluster)
Stop Loss: 0.1630 (Strict)
⚠️ Strategy: Fade the weak relief. Invalidation on a 1H close above 0.1640.
Quick Note: Since the volume is drying up on the 15m, watch for that 0.1490 breakdown for a momentum entry if we don't get the pullback to 0.1540. Want me to keep an eye on the $0.124 deep-liquidity zone?