$LIGHT USDT (perpetual futures on Binance) shows a sharp pullback! Price is now at 0.3032 USDT, down -13.91% in the last 24 hours after hitting a high of 0.3789. We've seen heavy selling pressure, with the candle dropping hard from recent levels.
Key indicators are flashing potential reversal signals:
Bollinger Bands squeezed and price hugging the lower band (DN ~0.2778), often a sign of oversold conditions and upcoming bounce.
RSI(14) at 38.51 – dipping into oversold territory, not extreme yet but leaning toward recovery.
Stochastic (K21.8, D19.7) showing oversold crossover potential.
This looks like a classic dip-buy setup on the daily/4H timeframe after the dump. Momentum could shift if buyers defend this zone around 0.2742–0.2929 support.
TRADE IDEA – LONG $LIGHTUSDT Now!
Entry: around current ~0.3032 (or on confirmation bounce)
Take Profit 1: 0.3400 (+12%)
Take Profit 2: 0.3789 (previous 24h high, +25%)
Stop Loss: 0.2740 (below recent low/support, risk ~9-10%)
High volume on the dip (56M LIGHT / 18M+ USDT) suggests accumulation could be underway. Don't miss the rebound – crypto moves fast!
Trade $LIGHTUSDT / USDT Now on Binance Futures! Follow & turn 🔔 on for more setups ✅ DYOR & manage risk!
#LIGHTUSDT #LIGHT #BinanceFutures #CryptoTrading #Altcoin #Crypto #BinanceSquare
#TradingSignals #LongPosition