$LIGHT - SHORT Setup
Entry: 3.900 – 4.100 (Only on a clear, strong rejection candle or failed breakout after a retest)
Target 1:3.200
Target 2:2.800
Stop Loss:4.250 (Above the 24h high and parabolic peak)
My View:
LIGHT is in a historic,parabolic uptrend, up over 900% in 30 days. The price is in a pure price discovery mode with no overhead resistance, driven by extreme sentiment and likely low liquidity. Such moves are unsustainable by definition and result in violent corrections. The +27% move today on top of the existing pump shows momentum is still extreme, but these are typically exhaustion climaxes. The volume is colossal. This is the most dangerous type of trade—fighting a parabolic. The only way to short is to wait for undeniable evidence of a top: a massive wick, a bearish engulfing pattern on the 1H/4H, or a failed breakout above the high. Any entry requires extreme precision and risk management.
Bias: Bearish for a steep correction. Bullish trend intact above $4.000.
Disclaimer:Extremely high risk. My plan. Not advice. Trade your own risk.
