The Danger of "Catching Knives" at $0.52
$LIGHT has dropped significantly, and it is tempting to buy here thinking it's "cheap."
However, the market structure hasn't shifted yet. We are seeing a consolidation at $0.52, but this could be a "bear flag"—a pause before another drop.
Strategy:
Don't rush into a Long position just because the price is down. Wait for a confirmation candle.
We need to see a strong rejection of lower prices or a reclaim of $0.60 before even thinking about a bullish reversal.
Watching: $MON , $SYRUP , $LIGHT
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