🚨 $LIGHT
Parabolic Move — High Risk of Pullback 📉
📊 Trade Setup: SHORT $LIGHT
🔴 Entry Zone:
0.22 – 0.24
🛑 Stop Loss:
0.26
🎯 Targets:
0.21 – 0.19 – 0.17
📉 Market Insight:
$LIGHT has gone parabolic — a zone where late buyers often get trapped.
RSI is extremely overbought (~75–85), signaling potential exhaustion. Price is stretched far above the SMA30, increasing the probability of a pullback.
Momentum remains strong but extended, and MACD expansion after such spikes often fades quickly. Unclear volume adds risk of sharp downside moves.
⚠️ This sets up a clean mean reversion short opportunity.
#light #FutureTradingSignals 💰