THE BULL TRAP WARNING! IS LIGHT FUELLING A REVERSAL? š
LIGHTUSDT Research & Contrarian Strategy
Despite the strong bullish trend, the large wicks on the daily chart indicate massive selling pressure at the top. The contrarian view suggests that this price action is a distribution phase before a major reversal.
Strategy: If LIGHT drops below $0.80$, short sellers may pile in aggressively.
Question: Do you believe the bulls have enough power to fight off this overhead resistance, or is the rally about to crash?
#LIGHTUSDT #BullTrapOrSetup #ContrarianCrypto #volatility #highrisk
ETHUSDT
Perp
3,108.24
+0.49%
