Current price $LIGHT — 1.0441 USDT. Over the last 24 hours, the coin has shown an impressive growth of +25%, indicating a strong bullish momentum and an influx of volumes. The RSI on the daily timeframe is at 48.38 — a neutral zone, with no signs of overbought conditions. This suggests that there is still room for further growth: after such a pump, the RSI is not peaking, and the volumes support the trend. LIGHT demonstrates high volatility, typical for altcoins in the accumulation phase of interest.
Outlook: In a bullish scenario, a continuation of the uptrend is expected with targets of 1.20–1.35 (next resistances). Bearish — a correction to supports of 0.95–1.00 if the market cools down.
Trading plan:
• Bullish: Entry on breakout $LIGHT 1.05 or pullback to 1.03. TP1: 1.15 (+10%), TP2: 1.25 (+20%). SL: 1.00 (about 4% of entry).
• Bearish (short): Entry at loss $LIGHT 1.03. TP: 0.98–0.95. SL: 1.07 (3–4%).
Risk no more than 1–2% of your deposit on a trade! Move SL to breakeven at +5–7%.
What do you think? Share your forecasts in the comments! 👇
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