š $LIGHT Long Setup Alert, Bull Analysis
$LIGHT /USDT is holding a range after a sharp rejection from 0.5967, but buyers are still defending the 0.5700ā0.5667 demand zone. With a clean hold above 0.5700, a move back toward 0.5826 and then 0.5905 looks probable.
š Market Snapshot
Timeframe Analyzed: 1H
Current Price: 0.5762
24h High: 0.5967
24h Low: 0.5700
Volume: 11.97M LIGHT
Volume: 6.97M USDT
š Key Levels to Watch
Support: 0.5762, 0.5700, 0.5667, 0.5605
Resistance: 0.5826, 0.5905, 0.5967
šÆ Trade Setup
Entry Zone: 0.5710 to 0.5770
TP1: 0.5826
TP2: 0.5905
TP3: 0.5967
SL: 0.5660
ā ļø Invalidation
Setup invalid if LIGHT closes 1H below 0.5667 (loss of demand zone = breakdown risk).
āØ Summary
Bullish rebound bias while price holds above 0.5700. As long as price stays above the stated levels, the path toward 0.5967 remains in play. Watch for a break and retest above 0.5826 or a sweep and reclaim of 0.5700 with volume expansion.
