$LIGHT Current price: 0.8417$ (daily drop ~-28.8%). The overall movement is inclined to drop with sharp volatility. This is a medium-high risk asset.
The main technical indicators now
Exponential Moving Averages: EMA7 = 0.9776, EMA25 = 1.1404 → price is below both averages; clear downward trend.
MACD: DIF < DEA and Histogram negative → downward momentum with no clear reversal yet.
RSI(6) ≈ 42.7 → neutral/bearish bias; not oversold but near mid-range.
24-hour levels: High 1.2724, Low 0.7338 → wide recent range with selling pressure.
Practical support and resistance levels
Nearby support (first): 0.73 – 0.75 (daily and temporary bottom).
Strong support below: 0.56 – 0.60 (important previous bottom).
Immediate resistance: 0.95 – 1.00 (price convergence point with EMA7).
Higher resistance: 1.12 – 1.20 (near EMA25 and horizontal resistance point).
Clear and actionable scenarios
The cautious scenario (best for conservatives):
Condition: Wait for two time frame closes (4H or daily) above 0.95–1.00 with increased trading volume.
Entry: Confirming close above 0.95.
Targets: 1.12 → 1.40.
Stop loss: Daily close below 0.78.
The adventurous scenario (short-term trading on a rebound):
Condition: Partial buy upon testing 0.73–0.75 if a bullish engulfing candle or quick rebound appears.
Entry: approximately 0.74.
Quick target: 0.95 → partial profit taking.
Strict stop loss: 0.68 (below 0.73 with volume allowing for a small loss).
The negative scenario (continuation of the decline):
If the price breaks 0.73 with a strong break and high selling volume → potential drop to 0.56–0.60.
Do not enter a buy before a clear signal in this area or before confirmed reversal.
Capital and risk management (practical rules)
Do not put more than 2–5% of your balance in a single trade without a clear exit plan.
Use a clear stop loss and position size that ensures an acceptable cash loss (e.g., 1–2% of the portfolio).
If you open an adventurous trade, close a percentage (30–50%) of the position at the first target to secure capital.
Direct executive advice
The market is currently bearish/volatile; the best approach is to wait for confirmation of a reversal before a large entry. For quick risk: partial entry at 0.73–0.75 with a strict stop. For safe speculation: wait for a close above 0.95 with volume supporting the rise.
Summary
LIGHT is below moving averages and the overall structure is bearish. There are opportunities on the rebound near 0.73–0.75 or after a positive breakout above 0.95. Choose either a small adventurous entry at support or wait for bullish confirmation before scaling up. The decision and timing are yours—commitment to stop loss rules and money management is essential.
