$LIGHT SHORT TRADE SETUP ๐โก
๐ด Long Liquidation: $1.0292K at $1.02922 โ big rejection at higher price! ๐ฅ
๐ฐ Current Price
๐ LIGHT price now: ~$0.004โ$0.006 USD โ very low price zone with weak volume.
๐ Key Levels (Short Bias)
๐ฅ Resistance (Short Entry Zones):
๐ซ $0.0065 โ recent range high
๐ซ $0.0072 โ major previous resistance
๐ป Support (Targets):
๐ฏ $0.0040 โ immediate support zone
๐ฏ $0.0035 โ next downside target (if sellers stay strong)
๐ฏ $0.0030 โ deep target on weak market continuation
๐ Market & Sentiment
๐ Trend: Currently weak and choppy โ sellers still in control.
โ ๏ธ Volume: Low relative to price swings โ easier to push price down than up.
๐ Sentiment: Bearish bias โ little hype right now.
๐ง Why This Is Short-Able
โ ๏ธ Recent long liquidation at high price shows rejection and overhead supply.
๐ Price trading well below that level โ clear bearish structure.
๐ป Resistance clusters above ~$0.006โ$0.007 act as good short trigger zones.
๐ฏ Target Levels & Next Moves
๐ SHORT ENTRY:
๐ $0.0064โ$0.0068 โ near resistance rejection zone
๐ $0.0070+ โ stronger resistance re-test before falling
๐ฏ Take Profits:
โก๏ธ TP1: $0.0040
โก๏ธ TP2: $0.0035
โก๏ธ TP3: $0.0030
๐ Stop-Loss: Above $0.0075โ$0.0080 (invalidates bearish setup)
๐ SHORT SETUP SUMMARY
๐ป Position: SHORT
๐ Bias: Bearish
๐ฏ Targets: $0.0040 โ $0.0035 โ $0.0030+
๐ Stop: > $0.0075
$LIGHT #WriteToEarnUpgrade #TrumpTariffs #USJobsData #BTCVSGOLD


