$LIGHT — Testing a Key Zone
$LIGHT has pulled back hard from $0.22 and is now testing an important zone around $0.18.
I opened a ~$3,000 short here. This level has already acted as support several times, so another bounce from here is definitely possible.
But after that rejection from the top, I’m betting on a breakdown. If $0.18 gives way, my next target is around $0.16. $LIGHT
$LIGHT has pulled back hard from $0.22 and is now testing an important zone around $0.18.
I opened a ~$3,000 short here. This level has already acted as support several times, so another bounce from here is definitely possible.
But after that rejection from the top, I’m betting on a breakdown. If $0.18 gives way, my next target is around $0.16. $LIGHT
