$LIGHT showing rejection from local highs with momentum turning bearish.


Sellers stepping in as structure weakens on lower timeframes.

EP
0.198 - 0.205

TP
TP1 0.190
TP2 0.182
TP3 0.175

SL
0.232

Liquidity above 0.23 was tapped before a sharp sell-off, confirming rejection. Weak bounce and continued lower highs suggest downside continuation unless price reclaims the broken structure.

Let’s go $LIGHT ‌
LIGHT6,65%
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TheStoneBehindTheVolcano
· 7h ago
The EP range is quite reasonable, but I prefer to wait until around 0.205 to confirm before shorting, to avoid chasing the order.
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PettyLp
· 7h ago
I will first halve my position at 0.190, then follow up to 0.182/0.175, watching for an acceleration waterfall.
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MosaicBowtieRealm
· 7h ago
SL at 0.232 is a bit wide but safe; the structure hasn't recovered, so it was indeed somewhat bearish before.
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FeeswitchWhisperer
· 7h ago
This trend for light is a bit aggressive. Wait until it pulls back the structure before going long, otherwise it’s easy to get chopped up back and forth.
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GateUser-f2d5f4c0
· 7h ago
A series of lower highs in the short-term cycle suggests the bears are in control, and the rebound is too weak.
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ColdBrewSparklingWater
· 7h ago
Clear thinking, liquidity above 0.23 is swept away and then smashed, a typical trap to lure buyers.
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