🔥 $LIGHT Strong upward trend but it is stopping — Is there a short opportunity forming? 🚨
The LIGHT currency surged strongly, but it began to show signs of fatigue: a clear drop in volume on the last 4-hour candles (the last candle around 530 thousand against an average of 50 million+) — classic divergence.
Flows:
Strong positive flows over 24 hours (+75 million dollars — institutions are still present), but in the short term, profit-taking has begun (-4 million+ on the 2H/5m frame).
Technical analysis hints at a correction:
Divergence in RSI, negative funding, and the price at extreme levels.
My plan: Short cautiously on $LIGHT (against the trend).
Entry:
Now near 3.75
Or better: Retest resistance at 3.85 – 3.90
Stop loss: 4.10 (above the last peak)
Target: 3.20
The main trend is still upward, so risk management should be tight — this is a quick correction trade.
Are you selling LIGHT here or holding it for the upcoming surge?