$LIGHT $PIPPIN . The currency is now in a "price explosion" (Pump). If you own the currency, it might be wise to place a trailing Stop Loss order to protect your profits. However, if you are considering entering now, the risk is high as the price is close to the daily high, and it may face resistance at the level of 2.93. Price Action
Current Price: 2.8779 USDT.
Overall Trend: The currency is in a very strong upward trend with an increase of +43.68%.
Candlestick Chart: The last long green candle indicates strong buying momentum currently and an attempt to break previous peaks near the level of 2.92.
2. Technical Indicators
RSI (Relative Strength Index): The three displayed values (65.8, 66.5, 66.9) indicate that the currency is approaching the "overbought" zone (usually above 70). This means that the momentum is strong, but caution is advised due to the possibility of a slight correction for profit-taking.
MACD: The indicator at the bottom shows the beginning of a shift in momentum to positive (small green bars have started to appear), and the crossing of lines indicates the continuation of the upward movement in the short term.
