$LIGHT is trading like a recovery squeeze, not like a coin ready to break fresh lows.

The 4h finally stopped bleeding around 0.144 and is trying to build a base, while the 15m already reclaimed short-term trend support and pushed into 0.1631. That matters because the market is still emotionally stuck on the prior collapse, yet price is no longer behaving like a panic chart. Add the product angle: Bitlight’s RLN desktop client is live, and the Bitcoin-DeFi / Lightning narrative is still enough to keep this rebound alive.

Bias: Long

Entry: 0.1608–0.1618

SL: 0.1592

TP1: 0.1631

TP2: 0.1668

TP3: 0.1715

If 0.1592 breaks, the reclaim failed. Until then, I’d rather trade the squeeze than keep worshipping a dump that already happened. #LIGHT #BitcoinDeFi #BinanceFutures #Altcoins