: LIGHTUSDT Technical Setup
LIGHTUSDT is showing heavy volatility after a sharp drop to current levels near 1.0093, down over 73% from recent highs. The mark price is 1.0081, with the 24H low touching 0.8555.
Key moving averages indicate strong resistance overhead:
· MA(7): 1.2276
· MA(25): 3.2292
· MA(99): 2.4065
Price is currently consolidating near the daily low, with volume remaining elevated (24H Vol ~2.10B USDT). The MA(99) still above price suggests the overall trend is bearish, but a short-term bounce could be possible if support holds.
Entry Zone: 0.9950 - 1.0100
Stop Loss: 0.8500 (below 24H low)
Take Profit 1: 1.2200 (near MA7 resistance)
Take Profit 2: 1.5000 (next key level above consolidation)
Trade with caution—high volatility and thin support below 0.85 could lead to further declines. Use small position sizes and monitor mark price closely.
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