The Dead Cat Bounce Is Over. LIGHT Prepares For Blood.
Entry: 0.695 š©
Target: 0.565 šÆ
Stop Loss: 0.735 š
This is not a recovery. $LIGHT collapsed 27% and the "bounce" is pathetic. Sellers are lined up, waiting to liquidate this weak pump right near the critical $0.70 resistance zone. Fundamentally, zero catalysts exist to support a reversal. We are looking at a classic high-probability short setup with massive air below the $0.59 level. If $LIGHT breaks immediate support, the next major stop is $0.52. Get ready for the next leg down.
Not financial advice. Trade with caution.
#ScalpKing #LIGHT #ShortSetup #CryptoTrading
šØ
LIGHTUSDT
Perp
0.633
-21.13%