$LIGHT is stabilizing after the brutal collapse from the 4.69 high and I’m watching this base very closely because panic selling has clearly dried up near the 0.85 reaction low. The dump was extreme but price failed to continue lower and is now compressing which usually signals seller exhaustion. The 15m candles are tight and flat showing absorption rather than continuation.
setup from this chart.
Entry Point
1.00 – 0.90
Target Point
TP1: 1.15
TP2: 1.45
TP3: 1.85
Stop Loss
0.82
It’s possible because every dip near the 0.90 zone is being absorbed quickly and price is holding above the panic low instead of breaking down further. If LIGHT stays above 0.85 this base can fuel a controlled relief bounce toward 1.15 as the first recovery step.
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LIGHTUSDT
Perp
0.9406
-15.98%