$LIGHT +29% - Parabolic Extension, Nearing Exhaustion
This is no longer a steady uptrend—it's a parabolic spike. Price has nearly doubled from recent lows and is now in a vertical climb, which is unsustainable.
Extreme Move Context
· Current Price: 3.2234
· 24h High: 4.1955
· Support (Far Below): 2.21680 (EMA9)
· This is FOMO territory.
High-Risk Assessment
· Do not buy here. This is a chase.
· If you're in: Take partial profits. Consider a trailing stop.
· If it pulls back: Wait for a deep retrace to 2.60 - 2.80 for a potential continuation.
· Stop Loss (for any new long): 2.9000.
Volume is massive, typical of a blow-off top.
⚠️ Extreme risk. Not financial advice. Parabolic moves can reverse violently. Protect capital.
Greed vs. Fear: Taking profits or riding the parabola to $4? 👇
#Write2Earn #LIGHT #Parabolic #blowofftop #USNonFarmPayrollReport #furures $LAB $FOLKS




