$LIGHT is displaying strong short-term bullish momentum with a +17.57% surge over the last 24 hours, backed by a robust $64.4M Binance 24h trading volume.

Market Structure & Orderbook Dynamics:

- Price action broke through local resistance at $0.2000 and is testing the $0.2200–$0.2300 liquidity shelf.

- Annualized Funding Rate has spiked to +39.74%, signaling crowded long positioning in perpetual swaps. Watch out for rapid long-squeeze flushes on lower timeframes.

- Strong volume expansion confirms aggressive spot buying and breakout participation, but elevated funding requires disciplined risk management.

Trading Plan (Setup: Pullback Continuation / Momentum Long):

• Entry Zone: $0.2050 - $0.2120 (retest of previous breakout structure)

• Take Profit 1 (TP1): $0.2350 (liquidity sweep)

• Take Profit 2 (TP2): $0.2600 (major supply zone)

• Stop Loss (SL): $0.1940 (below key structural support)

• Risk/Reward Ratio (R/R): ~2.6 : 1

Execution Note: Avoid chasing green candles at resistance while funding is overheating. Look for limit bid absorption on intraday pullbacks.

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