$LIGHT ALGO ALERT: RECOVERY FAILURE DETECTED. 🤖📉
👇 ANALYZE REAL-TIME CHART ON $LIGHT
📉 SHORT PROTOCOL (DEAD CAT BOUNCE)
ENTRY: Market (~0.9070 - 0.9080).
TARGET 1: 0.8907 (Immediate Liquidity)
TARGET 2: 0.8100 (Retest of Wick Lows / Algo Target)
STOP LOSS: 1.0370
DATA ANALYSIS.
The massive downside wick down to 0.8100 was a "proof of concept" by the sellers.
The subsequent recovery is lacking volume and momentum. The Santa Algorithm identifies this as a bearish continuation pattern.
The price is failing to hold the higher levels, and gravity is taking over to fill the liquidity void created by the wick.
OPERATIONAL PROTOCOL:
Initiate Short position on the recovery failure.
Target the breakdown of local support at 0.8904 first.
Hold for the volatility expansion back to the range low at 0.8100.
👇 Click on $LIGHT to SYNC WITH THE ALGO
