$LIGHT Short 10x | Supply Zone Rejection — Is the Move Just Starting?
Most traders wait until the move is already underway. I prefer to focus on predefined levels where the risk is controlled.
Trade Plan 📍 Entry: 0.15162 – 0.15290
🎯 TP1: 0.14628
🎯 TP2: 0.14229
🎯 TP3: 0.13631
🛑 Stop Loss: 0.16023
Why I'm Watching This Short
The 4H structure continues to favor the bearish setup.
The 1D timeframe remains range-bound, making resistance zones important.
Price is reacting from the 0.15162–0.15290 supply area.
15M RSI near 70 suggests momentum is elevated and could roll over if sellers stay in control.
Trading activity remains healthy, indicating participation rather than an illiquid move.
This setup stays valid only while price remains below the stop-loss level. If buyers reclaim the zone, the bearish thesis is invalidated.
Question for the community:
Do you think $LIGHT has enough downside momentum to reach TP3, or is this resistance likely to break into a short squeeze?
#Binance #LIGHT #CryptoTrading #ShortTrade #TechnicalAnalysis #PriceAction #RiskManagement #altcoins #TaiwanPlansCryptoTravelRuleFromOctober #ADPJulyPrivatePayrollsMissedExpectations
Most traders wait until the move is already underway. I prefer to focus on predefined levels where the risk is controlled.
Trade Plan 📍 Entry: 0.15162 – 0.15290
🎯 TP1: 0.14628
🎯 TP2: 0.14229
🎯 TP3: 0.13631
🛑 Stop Loss: 0.16023
Why I'm Watching This Short
The 4H structure continues to favor the bearish setup.
The 1D timeframe remains range-bound, making resistance zones important.
Price is reacting from the 0.15162–0.15290 supply area.
15M RSI near 70 suggests momentum is elevated and could roll over if sellers stay in control.
Trading activity remains healthy, indicating participation rather than an illiquid move.
This setup stays valid only while price remains below the stop-loss level. If buyers reclaim the zone, the bearish thesis is invalidated.
Question for the community:
Do you think $LIGHT has enough downside momentum to reach TP3, or is this resistance likely to break into a short squeeze?
#Binance #LIGHT #CryptoTrading #ShortTrade #TechnicalAnalysis #PriceAction #RiskManagement #altcoins #TaiwanPlansCryptoTravelRuleFromOctober #ADPJulyPrivatePayrollsMissedExpectations