$LIGHT expanded aggressively on the 1-hour timeframe to reach a local peak at $0.3301 before executing a sharp liquidity sweep into the lower $0.2000 region and rebalancing near $0.2487.
Price has established a key structural order block and demand zone around the $0.2150 – $0.2220 area, where buy-side liquidity was aggressively absorbed following the rapid sell-off.
The technical outlook projects a quick mitigation pull into this lower imbalance block to collect resting sell-side order flow before triggering an upward expansion toward the $0.3301 buy-side liquidity pool.
#light
Price has established a key structural order block and demand zone around the $0.2150 – $0.2220 area, where buy-side liquidity was aggressively absorbed following the rapid sell-off.
The technical outlook projects a quick mitigation pull into this lower imbalance block to collect resting sell-side order flow before triggering an upward expansion toward the $0.3301 buy-side liquidity pool.
#light
