Short squeeze! $LIGHT 4 hours line has dropped drastically! Any rebound is just a trap, don't be a bag holder!
LIGHT 4-hour level is definitely in a deep bearish trend! Although the price has rebounded after a sharp fall from the high, it has deviated from the long-term moving average MA30 by over 57%. This extreme deviation confirms that the main trend is strongly bearish; the so-called rebound is merely a technical pullback in the downtrend, aimed at repairing the oversold indicators, with no relation to reversal whatsoever!
The resistance above is stacked like a mountain: the recent strong resistance in the 0.95-1.00 area, and the trend-based strong resistance is still far from MA30, making it difficult to touch in the short term; the support below is just one: the previous low at 0.8432! Once it breaks down with volume, the rebound will be completely over, and a new round of bottom testing will begin!
If the trading volume can't keep up, the sustainability and height of the rebound are just talk; there is fundamentally no main capital entering the market to lift the price; MACD is at a low level or has a potential bullish crossover/divergence, but without volume support, it’s all useless; RSI has exited the oversold zone but can't hold above the 50 midline, and market sentiment is still dictated by bears; the middle track of the Bollinger Bands is the ceiling for the rebound, and if the Bollinger Bands continue to open downwards, the bearish trend will be locked in!
Here’s the operational strategy: protecting your life is crucial:
For those deeply holding positions: borrow the rebound to approach the 0.92-0.95 resistance area, decisively reduce positions in batches to stop losses;
For those holding no positions / short-term players:
Going long = licking blood on the blade! If you must try, wait for the price to retrace to the previous low at 0.8432, and when a clear bottom divergence + bullish candlestick appears on the 15-minute chart, then test with a very small position, and stop loss must be strict;
Going short is the way to go with the trend! Patiently wait for the price to show signs of stagnation in the 0.93-0.98 area, and directly set up short positions, with stop losses set above 1.01;
Remember: Before effectively stabilizing above 1.00, $LIGHT is the bottom, never blindly try to catch the bottom and lose money!
Blindly placing orders ultimately results in losses greater than gains; awareness determines height, follow me, 聊天室 for daily sharing of trading logic, leading you to find opportunities for doubling your capital! #比特币流动性 #隐私叙事回归
