⚡ $LIGHT /USDT – Pullback or Trend Reversal?
$LIGHT recently delivered an explosive rally but is now showing signs of exhaustion. After facing strong rejection at $0.2929, price has pulled back and is currently trading around $0.2390.
The key question: healthy correction or start of a deeper reversal?
🔵 Bullish Scenario (Correction Play)
Entry: $0.2320–$0.2380 (Support hold zone)
SL: $0.2290
TP1: $0.2600
TP2: $0.2750
TP3: $0.2929
As long as price holds above $0.2300, this move can be considered a pullback within an uptrend.
🔴 Bearish Scenario (Breakdown Setup)
If price breaks and closes below $0.2300, downside momentum could accelerate toward:
$0.2137 as the next liquidity zone.
📊 Market Logic
• Price has slipped below MA7 and MA25, indicating short-term bearish pressure.
• Bulls need a reclaim above MA99 ($0.2637) to restore strong bullish momentum.
• Current structure suggests consolidation after expansion — volume reaction at support will be decisive.
$0.2300 is the key battlefield.
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