I really hope nobody was caught holding the bag on this one.
$LIGHT just got absolutely nuked. We went from cruising around the 4.60 range to under a dollar in what feels like a blink of an eye. That red candle is straight up scary.
Right now the price is just flatlining near 0.89 after hitting a low of 0.81. There is zero buy pressure here and the volume is huge on the way down, which usually means the bleeding isn't over yet.
I’m seeing a tiny bit of consolidation, but without a massive reclaim of at least the 1.47 level, this is just a dead cat bounce waiting to happen.
I'm staying far away from this until it finds a real floor.
LIGHTUSDT
Prep
0.9302
-11.97%