🔴 $LIGHT #LIGHT Liquidation Alert (LIGHT token)
A long liquidation just triggered at $0.16815 with $1.1964K wiped — indicating leveraged longs were flushed at this level.
What this suggests: • Short-term bearish pressure or liquidity sweep
• Market may be resetting before the next move
• Potential for continuation lower or a relief bounce after liquidity is cleared
Key levels to watch: 📉 Support: $0.165 – $0.162
📈 Resistance: $0.171 – $0.175
Trading approach: Wait for confirmation — either a breakdown with volume or a reclaim of resistance before entering.
Let price action confirm the next direction after the liquidation event. 📊