$LIGHT SPIKES TO LOCAL RESISTANCE — SHORT SETUP 📉🔥
🔴 SHORT
Entry Range: $0.3200–$0.3955
Stop Loss: $0.4200
TP1: $0.2500
TP2: $0.2000
TP3: $0.1500
LIGHT has printed a strong 29.01% daily expansion candle, surging up to a high of $0.3135 after opening at $0.2293 and currently trading around $0.2957. For me, the key is whether bears can defend this upper supply zone and drive price lower toward macro support.
I’m looking for a continued corrective pullback while LIGHT tests upper resistance. A sustained rejection from this region could push price toward $0.2500 first for TP1, followed by $0.2000 for TP2, and eventually the primary support floor marked near $0.1500.
After such an aggressive vertical expansion, I’m definitely not treating it like a free-money trade 😅. Volatility can be brutal on momentum reversals, so I’d rather manage position size and respect risk instead of shorting recklessly with high leverage.
As long as price stays capped under resistance, my bias favors further downside. Above $0.4200, the setup is invalidated for me.
Now let’s see if LIGHT completes this correction back to the lower support zone 📉🔥
$ORDER
$JCT
🔴 SHORT
Entry Range: $0.3200–$0.3955
Stop Loss: $0.4200
TP1: $0.2500
TP2: $0.2000
TP3: $0.1500
LIGHT has printed a strong 29.01% daily expansion candle, surging up to a high of $0.3135 after opening at $0.2293 and currently trading around $0.2957. For me, the key is whether bears can defend this upper supply zone and drive price lower toward macro support.
I’m looking for a continued corrective pullback while LIGHT tests upper resistance. A sustained rejection from this region could push price toward $0.2500 first for TP1, followed by $0.2000 for TP2, and eventually the primary support floor marked near $0.1500.
After such an aggressive vertical expansion, I’m definitely not treating it like a free-money trade 😅. Volatility can be brutal on momentum reversals, so I’d rather manage position size and respect risk instead of shorting recklessly with high leverage.
As long as price stays capped under resistance, my bias favors further downside. Above $0.4200, the setup is invalidated for me.
Now let’s see if LIGHT completes this correction back to the lower support zone 📉🔥
$ORDER
$JCT