Yesterday, Light Coin (LIGHT) easily broke through 1300U, and this market trend actually showed signs early on. The key level is at 0.52—every time it drops to this point, it triggers an oversold rebound. This is not a coincidence but a support level formed after repeated market testing.
Let's review the trading logic: after confirming 0.52 as the absolute bottom, those who followed with long positions yesterday enjoyed several rebounds and have now taken profits and exited. How do we view the current situation? Waiting for a pullback is an opportunity to go long, as the probability of a rebound is much higher than further decline.
Interestingly, this bottom-rebound pattern can also be observed in other cryptocurrencies. The recent price movements of ETH and BEAT have shown similar technical signals, indicating that market sentiment is gradually warming up. The privacy coin ecosystem has also shown signs of widespread gains recently, which could be the accumulation phase before a rebound.
Of course, trading requires discipline. The next position is still being prepared, and there's no rush to chase highs. Wait for a suitable pullback and clear signals before entering. This approach will increase the chances of making profits.
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ProofOfNothing
· 9h ago
0.52 support level is indeed the top; those who didn't buy in yesterday are probably regretting it now.
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AirdropHunterKing
· 9h ago
0.52 this support level has indeed been bottomed out a few times, but I still have some doubts. Is the signal from ETH and BEAT too much of a coincidence...
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MainnetDelayedAgain
· 9h ago
At position 0.52, according to the database, how many times has it been "tested" by the market? Waiting patiently for the bloom...
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AlphaBrain
· 9h ago
0.52 is indeed a strong support level, each time it rebounds very decisively.
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MEVHunterX
· 9h ago
The 0.52 support level indeed prevents further decline, but those chasing the high will get trapped again.
Yesterday, Light Coin (LIGHT) easily broke through 1300U, and this market trend actually showed signs early on. The key level is at 0.52—every time it drops to this point, it triggers an oversold rebound. This is not a coincidence but a support level formed after repeated market testing.
Let's review the trading logic: after confirming 0.52 as the absolute bottom, those who followed with long positions yesterday enjoyed several rebounds and have now taken profits and exited. How do we view the current situation? Waiting for a pullback is an opportunity to go long, as the probability of a rebound is much higher than further decline.
Interestingly, this bottom-rebound pattern can also be observed in other cryptocurrencies. The recent price movements of ETH and BEAT have shown similar technical signals, indicating that market sentiment is gradually warming up. The privacy coin ecosystem has also shown signs of widespread gains recently, which could be the accumulation phase before a rebound.
Of course, trading requires discipline. The next position is still being prepared, and there's no rush to chase highs. Wait for a suitable pullback and clear signals before entering. This approach will increase the chances of making profits.