$LIGHT /USDT LONG TRADE SETUP
$LIGHT is showing a strong recovery and consolidation pattern on the 15-minute chart. It is currently trading at 1.6044, re-testing the immediate resistance and consolidating in a tight range after bouncing off the local low of 1.4659. The price has formed higher lows, indicating sustained buying pressure.
A breakout above the local high of 1.6415 is likely to lead to a continuation of the uptrend.
Target Points
Based on the current consolidation and overhead resistance levels:
TP1: 1.6250 (Immediate continuation target)
TP2: 1.6662 (Re-test of the 24h High)
TP3: 1.7000 (Psychological level and high continuation target)
Stop Loss
Set stop loss below the recent swing low and consolidation support to limit downside risk:
Stop Loss: Set stop loss below 1.5600
Action
Buy and Trade here on $LIGHT
at market or on a confirmed breakout above 1.6150.
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