💣$LIGHT – Bearish with potential short-term rebound

Direction: Clearly bearish. We saw a 6.5% increase over the last 24 hours with a volume of 418M USDT, but the trading volume on the 4-hour timeframe is declining at any attempt to rise— a sign of weak pumping.

Money flow: Significant capital outflow: -16.6M USDT over 24 hours, and -45M USDT over 72 hours → Clear institutional selling and control by sellers.

Price action: The daily candle rejected at 0.647, forming a clear bearish candle. Sellers are still in control.

Trading plan:

Short entry: 0.635–0.645

Alternative plan: Break below 0.505 with confirmation

Stop loss: ~0.667 (high volatility)

Targets: 0.505 (primary), 0.465 (secondary)

Risks: KDJ indicator is oversold, and Bollinger bands are tight → Sudden movements possible. Closing above 0.647 nullifies the bearishness; a quick rebound to 0.675–0.700 is possible. Current bias is sell. #LightLink #LightningLabs