$LIGHT Long Liquidation: $1.9306K at $0.89091
Long traders on $LIGHT were forced out as price slipped below a key support level, triggering stop losses and accelerating the downside move. Buyers failed to defend the zone, allowing sellers to take short-term control.
Liquidation Type: Long
Liquidated Amount: $1.9306K
Liquidation Price: $0.89091
EP: $0.8910
TP: $0.8700 → $0.8450
SL: $0.9050
Market Outlook:
This long liquidation signals weakness below the $0.89 area. As long as price remains under the liquidation zone, downside pressure can continue toward lower supports. Any bounce without strong volume is likely to face selling.
Pro Tip: After a long flush, don’t rush trades. Let price stabilize and reclaim structure before considering longs patience protects capital.
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