> **Quick note:** There are multiple tokens named "LIGHT." The most actively traded one on Binance Square is **Bitlight Labs (LIGHT/USDT)** โ listed on Gate, KuCoin, and MEXC with real volume. That's what this post covers.
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**๐ก $LIGHT dropped 95% from ATH. Now it's bouncing. Is the bottom in?**
Down from **$4.80 to $0.14**. That's max pain territory. But pain creates setups.
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**๐ LIGHT/USDT โ LIVE SETUP**
Price is around **$0.24**, up **37.8% in 7 days**, with volume spiking 79% in the last 24 hours. [CoinGecko](https://www.coingecko.com/en/coins/bitlight) Something is waking up here.
ATL was **$0.145** on March 27 [TradingView](https://www.tradingview.com/symbols/LIGHTUSDT/) โ just 3 weeks ago. We've bounced 63% off that floor. The base is forming.
ATH is **$4.80**. Current price is 95% below that. [CoinGecko](https://www.coingecko.com/en/coins/bitlight) Massive recovery potential if momentum holds.
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**๐ Entry Zone: $0.20 โ $0.26**
Post-bottom accumulation zone. Buyers defending this area.
**๐ Stop Loss: $0.13**
Below the ATL. If this breaks โ no argument, just exit.
**๐ฏ Targets:**
- TP1 โ **$0.40**
- TP2 โ **$0.70**
- TP3 โ **$1.20** *(major recovery zone)*
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**๐ R:R = 1:4.3** โ
Entry ~$0.23 | Risk $0.10 | TP2 reward $0.47
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**๐ง Why it works:**
LIGHT is attempting to stabilise after an 83% drop triggered by a large supply dump to centralised exchanges. [TradingView](https://www.tradingview.com/symbols/LIGHTUSDT/) That selling pressure is now exhausted โ and volume is confirming fresh buyers stepping in.
Structure stays bullish as long as price holds above $0.145 โ and a clean push above $0.40 opens the path toward $0.70+. [TradingView](https://www.tradingview.com/symbols/LIGHTUSDT.P/)
**โ ๏ธ Watch out:** Supply dump risk is real on this token. Large token transfers to CEXs caused the last crash [TradingView](https://www.tradingview.com/symbols/LIGHTUSDT.P/) โ watch wallet movements closely.
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