#Light – Strong 4H Breakout Approaches Major Resistance!
LIGHT is trading near $0.1919 after gaining over 12% in 24 hours and testing the $0.1923 local resistance. The token remains around 96% below its $4.80 all-time high, while its confirmed all-time low is approximately $0.08878.
The 4H structure is strongly bullish as price is above EMA7 at $0.1817, EMA25 at $0.1746, EMA99 at $0.1596, MA44 at $0.1699 and Supertrend at $0.1689. Buyers have pushed price above the $0.1867 upper Bollinger Band, confirming powerful momentum but also showing that the current move is temporarily overextended. The 58.58% sell-side order-book ratio further increases the possibility of profit-taking near resistance.
🟢 Long Setup: Wait for a controlled pullback toward the $0.1845–$0.1867 breakout zone and enter only if buyers defend this area with bullish confirmation. Keep the stop-loss at $0.1808, with targets at $0.1923, $0.2000 and $0.2080. Alternatively, a confirmed 4H close above $0.1923 followed by a successful retest would support further bullish continuation.
🔴 Short Setup: Consider a short only if a 4H candle closes below the $0.1817 EMA7 support and the level becomes resistance during a failed retest, with an entry around $0.1808–$0.1817. Keep the stop-loss at $0.1870, with targets at $0.1746, $0.1699 and $0.1689. The bearish setup becomes invalid if price reclaims and holds above $0.1870.
Overall bias remains bullish above $0.1817, but entering directly below $0.1923 resistance after a vertical rally carries increased risk. A confirmed breakout or healthy pullback would offer a cleaner setup.
#LIGHT #LIGHTUSDT #Bitlight #CryptoTrading #BinanceSquare
LIGHT is trading near $0.1919 after gaining over 12% in 24 hours and testing the $0.1923 local resistance. The token remains around 96% below its $4.80 all-time high, while its confirmed all-time low is approximately $0.08878.
The 4H structure is strongly bullish as price is above EMA7 at $0.1817, EMA25 at $0.1746, EMA99 at $0.1596, MA44 at $0.1699 and Supertrend at $0.1689. Buyers have pushed price above the $0.1867 upper Bollinger Band, confirming powerful momentum but also showing that the current move is temporarily overextended. The 58.58% sell-side order-book ratio further increases the possibility of profit-taking near resistance.
🟢 Long Setup: Wait for a controlled pullback toward the $0.1845–$0.1867 breakout zone and enter only if buyers defend this area with bullish confirmation. Keep the stop-loss at $0.1808, with targets at $0.1923, $0.2000 and $0.2080. Alternatively, a confirmed 4H close above $0.1923 followed by a successful retest would support further bullish continuation.
🔴 Short Setup: Consider a short only if a 4H candle closes below the $0.1817 EMA7 support and the level becomes resistance during a failed retest, with an entry around $0.1808–$0.1817. Keep the stop-loss at $0.1870, with targets at $0.1746, $0.1699 and $0.1689. The bearish setup becomes invalid if price reclaims and holds above $0.1870.
Overall bias remains bullish above $0.1817, but entering directly below $0.1923 resistance after a vertical rally carries increased risk. A confirmed breakout or healthy pullback would offer a cleaner setup.
#LIGHT #LIGHTUSDT #Bitlight #CryptoTrading #BinanceSquare