Everyone is bullish on $LIGHT /USDT right now - and that's exactly why I'm eyeing the short side.
$LIGHT - Short
Trading plan:
Entry: 0.156767 – 0.157169
SL: 0.158893
TP1: 0.155524
TP2: 0.154562
TP3: 0.153118
Why these settings?
• 95% confidence in the short direction with a bearish daily trend.
• RSI on the 15-minute chart just hit 60.7 - local overbought at resistance.
• Entry at 0.156968 with TP1 at 0.155524 (a 1.4% dip) on the 4-hour timeframe.
• Why now? The bounce is losing momentum while ATR shows tightening volatility.
Discussion:
Is this a fakeout trapping late shorts, or are we wrong about the reversal?
$LIGHT
#Lightdefi
$LIGHT - Short
Trading plan:
Entry: 0.156767 – 0.157169
SL: 0.158893
TP1: 0.155524
TP2: 0.154562
TP3: 0.153118
Why these settings?
• 95% confidence in the short direction with a bearish daily trend.
• RSI on the 15-minute chart just hit 60.7 - local overbought at resistance.
• Entry at 0.156968 with TP1 at 0.155524 (a 1.4% dip) on the 4-hour timeframe.
• Why now? The bounce is losing momentum while ATR shows tightening volatility.
Discussion:
Is this a fakeout trapping late shorts, or are we wrong about the reversal?
$LIGHT
#Lightdefi