$LIGHT A Quiet Climb Toward the Next Breakout
LIGHT is building a recovery structure after its sharp reversal from 0.1840. The current price is approaching a key resistance zone that could determine the next major move.
Long Setup
Entry Zone: 0.2480 – 0.2540
Stop Loss: 0.2290
TP1: 0.2720
TP2: 0.2900
TP3: 0.3180
Why This Setup?
LIGHT is trading around 0.2546, moving inside an ascending channel after recovering from the 0.1840 low. The current structure shows buyers gradually defending higher levels.
The immediate resistance lies around 0.2720–0.2760. A confirmed breakout above this zone could open the way toward 0.2900 and potentially the major resistance area at 0.3180–0.3300.
On the downside, 0.2320–0.2380 is the important support zone. Holding this area would keep the recovery structure intact, while a breakdown below 0.2290 invalidates this long setup.
Preferred Entry: Wait for a pullback toward the entry zone or a confirmed breakout above 0.2760. Avoid chasing sudden price spikes.
Risk only 1–3% of your trading deposit per trade. Always manage your risk.
LIGHT is building a recovery structure after its sharp reversal from 0.1840. The current price is approaching a key resistance zone that could determine the next major move.
Long Setup
Entry Zone: 0.2480 – 0.2540
Stop Loss: 0.2290
TP1: 0.2720
TP2: 0.2900
TP3: 0.3180
Why This Setup?
LIGHT is trading around 0.2546, moving inside an ascending channel after recovering from the 0.1840 low. The current structure shows buyers gradually defending higher levels.
The immediate resistance lies around 0.2720–0.2760. A confirmed breakout above this zone could open the way toward 0.2900 and potentially the major resistance area at 0.3180–0.3300.
On the downside, 0.2320–0.2380 is the important support zone. Holding this area would keep the recovery structure intact, while a breakdown below 0.2290 invalidates this long setup.
Preferred Entry: Wait for a pullback toward the entry zone or a confirmed breakout above 0.2760. Avoid chasing sudden price spikes.
Risk only 1–3% of your trading deposit per trade. Always manage your risk.
