$LIGHT /USDT: Massive Volatility! Is a Correction Coming or Just a Pitstop? 🚨

The $LIGHT chart is looking absolutely wild today! We’ve seen an incredible pump, hitting a 24h high of 4.19, but as we can see from that long upper wick on the daily candle, the "profit-takers" have entered the building.

📉 The Technical Breakdown:

Price Action: After a massive vertical rally, the price is currently sitting around 3.29. This is a classic "blow-off top" look, but the trend is still technically up.

The MACD: Look at that MACD histogram—it’s extremely overextended. While the momentum is clearly bullish, a cooling-off period is usually healthy (and expected) after a move this big.

Volume: We’re seeing massive volume (1.88B USDT), which means there is a lot of liquidity, but also a lot of "FOMO" buying happening at the top.

💡 My Strategy:

I’m personally staying cautious here. Jumping in right after a 34% pump can be risky.

Support Level: I’m watching the 2.77 - 3.00 zone closely. If it holds there, we might see another leg up.

Resistance: Needs to clear that 4.20 mark with conviction to stay "moon-bound."

What’s your move? Are you holding long, or is this a perfect scalp opportunity for a short? Let’s hear your predictions in the comments! 👇

#LIGHT #CryptoTrading #BinanceSquare #TechnicalAnalysis #Altcoins