Scalp Trade Setup on $LIGHT — Weak Bounce After Heavy Dump (High Probability Short)
$LIGHT has crashed more than 27% from the top, showing strong seller control and panic exit behavior. The small bounce from the 0.560 – 0.580 support zone is weak and slow, which means buyers are not confident yet. Price is now stuck under strong resistance at 0.680 – 0.705 and a higher resistance near 0.740 – 0.760, where sellers previously stepped in aggressively. On the downside, immediate support sits at 0.590 – 0.570, and deeper support at 0.520 – 0.500, giving clear space for another drop. Fundamentally, there is no fresh bullish news or catalyst, and sentiment remains fearful after the sharp crash, so most traders are looking to sell rebounds instead of chasing longs. This makes short scalps safer than longs at current levels.
Trade Type: Scalp Short
Entry Zone: 0.665 – 0.695
Target 1: 0.610
Target 2: 0.565
Stop Loss: 0.735
Book partial at TP1 and trail toward TP2 if downside momentum continues.
Short #LIGHT Here 👇👇
