Current rate $LIGHT — 1.6208 USDT. Over the last 24 hours, the coin showed impressive growth of +29%, indicating a strong bullish momentum and an influx of volumes. The RSI on the daily timeframe is 58.24 — a neutral zone, but with potential for overbought conditions in the event of further rallies. This indicates healthy growth without signs of an immediate reversal; however, the volatility of the altcoin is high, typical for low-cap projects.
Analytics: After the recent accumulation, the price broke key resistances, volumes are increasing, confirming investor interest. In a bullish market of alt-season, such coins often provide multiple growth. Further prospects are positive if the overall uptrend of the crypto market is maintained: a test of 2.0–2.5 USDT is possible in the coming weeks if the momentum continues.
Trading plan:
Bullish scenario: Enter at current levels or retracement $LIGHT to 1.55–1.60. TP1: 1.85 (+14%), TP2: 2.10 (+30%). SL: 1.54 (5% of entry ~1.62, rounded). Move SL to breakeven after +10%.
Bearish scenario: If the breakout $LIGHT down 1.55, enter short. TP: 1.40–1.30. SL: 1.70 (5%).
I recommend risking no more than 1–2% of the deposit per trade!
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