$LIGHT just experienced a short liquidation of $2.0041K at $0.85574. This correction is healthy, helping to release overextended positions and reset momentum for the next move.

Trade Setup:

Entry Zone: $0.850–$0.860 aligns with previous support and the 0.618 retracement of the last upward swing.

Target 1: $0.832 first minor support and reaction area from recent consolidation.

Target 2: $0.815 strong support zone tested multiple times in the past.

Stop Loss: $0.870 above recent highs to avoid being stopped out on minor spikes.

I’m watching this zone closely; they’re building strength around $0.850–$0.860. If this level holds, it could provide a clear path for shorts, supported by previous reaction areas and retracement confluence.