📉Breakdown of EMA21 downwards: LIGHTUSDT ready for a reversal?
On the hourly chart, LIGHTUSDT price reached 1.1192, completing a recent positive trend. The breakdown of EMA21 (1.1485) signals a possible change in dynamics, but the indicators are still giving mixed signals.
🚨Indicators:
RSI(14): 49.40 — neutral, no overbought/oversold conditions.
MACD: –0.0231 — close to zero, uncertainty remains.
STOCHRSI: 10.31 — in the oversold zone, a bounce upwards is possible.
💰Trading plan:
Main scenario: Long — expecting recovery after the correction.
🎯Targets:
1.2068 (+7.4%)
1.3058 (+16%)
1.4000 (+25%)
➡️Entry points:
Conservatively: 1.1200, after confirmation of the bounce from support.
Aggressively: current level 1.1192.
⛔️Stop-loss: below support 1.0700 to minimize risks.
💡Conclusion: It is important to monitor confirming indicators for entering the trade. The correction is over — potential recovery ahead.
Trading 👉$LIGHT
Futures 👇
