Just added more $LIGHT. Here's why I'm bullish on the setup:
Chart structure is clean. June bottomed out, been grinding higher ever since. Higher lows forming, pullbacks stay shallow.
Volume dries up on dips = weak sell pressure. Smart money isn't giving up chips cheap. Been range-bound grinding retail patience thin. Classic accumulation.
Only ~10% circulating supply. Low float = easy to move. On-chain shows whales pulling coins OFF exchanges into cold storage. No distribution. Top wallets locked up tight, no big dumps.
MM playbook is obvious: After the crash from ATH, they spent months shaking out bagholders. Slow accumulation at lows is done. Now? Sideways chop to kill weak hands before the move. They're waiting for the right macro window.
Once we break key resistance with volume, it's straight gap-up territory. DYOR.
Chart structure is clean. June bottomed out, been grinding higher ever since. Higher lows forming, pullbacks stay shallow.
Volume dries up on dips = weak sell pressure. Smart money isn't giving up chips cheap. Been range-bound grinding retail patience thin. Classic accumulation.
Only ~10% circulating supply. Low float = easy to move. On-chain shows whales pulling coins OFF exchanges into cold storage. No distribution. Top wallets locked up tight, no big dumps.
MM playbook is obvious: After the crash from ATH, they spent months shaking out bagholders. Slow accumulation at lows is done. Now? Sideways chop to kill weak hands before the move. They're waiting for the right macro window.
Once we break key resistance with volume, it's straight gap-up territory. DYOR.