$LIGHT is going through a healthy correction after the recent upward momentum. Corrections like this are necessary — they relieve overbought pressure, clear weak positions, and allow the market to build a stronger structure for continuation. I’m watching this zone closely because it could act as a key pivot if it holds.

Trade Setup:

Entry Zone: $1.428 – $1.435

Target 1: $1.410

Target 2: $1.395

Stop Loss: $1.445

This zone is strong because it aligns with a previous reaction area where sellers stepped in and defended the level multiple times. It also sits near the 0.618 retracement of the last bullish swing, giving it additional significance. I’m noticing that they’re building strength here — volume absorption and lower timeframe wicks suggest buyers are hesitant.

If this level holds, $LIGHT could continue downward toward the targets, clearing weak longs along the way. Entry near the upper edge of the zone offers a favorable risk-reward setup, with stops just above prior resistance to manage potential volatility.