$LIGHT has not been adjusted. It was simply dumped.
There was a clean uptrend → acceleration → a spike to ~$0.29.
And then not a pause… but a sharp collapse.
And here is the main trap:
it looks like a "healthy pullback".
But no.
This is the moment when the market stops holding the price.
👉 in fact:
the impulse is broken
the price is below EMA
volume is decreasing
the RSI is falling with no reaction
This is not a correction.
This is an exit.
Stop. What if those who pushed the price up have already simply exited?
Then everything else — is not “cheap”.
This is liquidity for those who have not understood yet.
The zone ~$0.14–0.16 is holding…
but it looks like a pause before the next move, not like a bottom.
And the main thing:
a weak bounce — is not support.
This is a lack of demand.
I wouldn't catch a knife here.
Because strong assets don't fall like that.
The question now is simple:
are you buying the bounce…
or becoming part of the exit?
$LIGHT
#light