On the first trading day of the new year, LIGHT exhibited a typical rebound pattern of a meme coin. Looking back at the recent ten days of movement, this coin broke below the opening price, and the daily chart began to show a clear increase in volume—each rally driven by strong market makers hints at a desire to rotate and unload positions.

From a capital perspective, the funding rate is currently at a low of -1.1%, making it unlikely to trigger a sharp decline in the short term. More importantly, signs of capital fleeing are not yet obvious. At this point, the risk of missing out on a short-term rally is actually more worth paying attention to.

Both ETH and SOL are currently near their respective technical support levels. If the major cryptocurrencies stabilize, mid-tier coins like these often follow suit with a rebound. Probabilistically, small positions can be considered for a long side to catch a rebound, but risk exposure must be strictly controlled—after all, coins controlled by market makers tend to be volatile and full of traps.

The key is not to blindly short or hold heavy positions. Maintain a flexible mindset, observe changes in funding rates and on-chain data, as these details often reveal the market’s true intentions earlier than candlestick patterns.