I’m watching $LIGHT and it’s showing strong bullish momentum after a 26.79% increase. It’s approaching a key resistance level at 1.0530, and there's potential for more upside.
Trade Setup:
Entry Zone: 1.0453
Target Point(s): 1.1290
Stop Loss: 1.0106
This setup works because the price has been trending strongly upwards and is currently retesting a key resistance level. If it holds above 1.0453, we can target the next resistance at 1.1290. The stop loss is placed just below the recent low to manage risk.
LIGHTUSDT
Perp
1.2433
+6.59%
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