📉 DEAD CAT BOUNCE: $LIGHT IS HEAVY 📉
👇 CLICK ON $LIGHT SHORT THE RALLY
⚠️ SNIPER DIAGNOSIS:
Rejection Loading.
LIGHT suffered a massive drop and is currently staging a weak recovery. The price is trading below the critical EMA 200 (0.5996), confirming the trend is bearish. This current pump is merely a retest of the supply zone. We expect sellers to step back in and push the price back towards the range lows. 🔴🏚️
📉 SNIPER DATA ($LIGHT):
🔴 DIRECTION: SHORT (Sell the Retest).
🧱 ENTRY ZONE: 0.5840 - 0.5880 (Short the green candle).
🎯 OFFICIAL TARGETS:
✅ TP1: 0.5778 (Immediate Support / Recent Breakdown).
✅ TP2: 0.5640 (Mid-Wick / Acceleration Zone).
🚀 TARGET: 0.5420 (Liquidation Wick / Full Retrace).
🛑 STOP LOSS:
SL: 0.6421
THE SNIPER REPORT:
Trend Filter: The EMA 200 sits high at 0.5996. As long as we are below this line, every rally is a selling opportunity.
Weak Structure: The recovery is struggling to reclaim the breakdown levels. The long lower wick on the previous candle shows volatility, but the inability to V-shape recover suggests the bears are still lurking.
👇 Shorting the bounce? Click on $LIGHT
