$LIGHT is a short here. The 15m move is a squeeze back into local resistance near 0.1572, but the 4h chart is still broken after the post-spike collapse and price remains below the 30 MA and the 200 MA. This is a dead-cat bounce inside damage, not a real trend repair.
Why now: the dominant catalyst is the Bitcoin infrastructure narrative around Bitlight Labs and its RGB/Lightning development. That story already triggered the emotional repricing and the big pump. Now price is failing to convert that narrative into continuation, which usually means positioning was ahead of reality and late longs are trapped.
Bias: Short
Entry: 0.1570–0.1583
SL: 0.1609
TP1: 0.1554
TP2: 0.1526
TP3: 0.1490
The people paying here are the ones still buying the story after the chart already spent it.