Guys $LIGHT is setting up for a potential breakdown opportunity ⚠️
Entry: 0.2210 - 0.2220
🎯 TP1: 0.2131
🎯 TP2: 0.2050
Price has lost both key moving averages while long positioning is heavily overcrowded at over 70%. With open interest building up significantly over the last 3 hours, any further downside could trigger liquidations.
If sellers keep pressure below the MAs, look for a test of 0.2131 support.
Stay sharp 👀
Entry: 0.2210 - 0.2220
🎯 TP1: 0.2131
🎯 TP2: 0.2050
Price has lost both key moving averages while long positioning is heavily overcrowded at over 70%. With open interest building up significantly over the last 3 hours, any further downside could trigger liquidations.
If sellers keep pressure below the MAs, look for a test of 0.2131 support.
Stay sharp 👀