$LIGHT 🔍 Technical Analysis of LIGHT (1D Chart)
* Violent Retracement: The coin has suffered a very strong correction of -10.91% today, trading at $0.9152. This occurs after reaching an explosive high of $4.6995.
* Support Zone: The price is returning to the levels where it began its previous consolidation (around $0.5601). If it fails to hold above $0.8100 (the minimum of the last 24 hours), the decline could deepen.
* Trading Volume: A volume of 395.92M USDT has been observed in the last 24 hours, indicating that it is an asset with a lot of speculation and very rapid movements.
* Indicators:
* RSI (6): It is at 41.5, approaching the oversold zone. This suggests that selling pressure is strong, but there could soon be a technical rebound due to "exhaustion" of sales.
* MACD: Shows a recent bearish crossover (red bars in the histogram), confirming that short-term momentum is negative.
💡 Suggested posting for LIGHT
🚨 OPPORTUNITY OR TRAP? Analyzing the drop of $LIGHT 📉
After an incredible rally up to $4.69, the LIGHT coin is experiencing a painful correction of -10.9% today, settling in the $0.91 zone. What should we expect?
* Critical Point: The price is looking for a bottom. The level of $0.81 is vital; if it loses it, we could return to the base of $0.56.
* Strategy: With an RSI at 41, the asset is gradually losing bearish strength. For risk traders, this "dip" could be a rebound zone, but volatility is extreme. ⚠️
* Advice: Don’t try to guess the exact bottom. It’s better to wait for a green confirmation candle on the 1h or 4h chart before entering.
Do you think LIGHT will return to $4 or was it just a "pump and dump"? Leave your opinion below. 👇
