$LIGHT just showed a wild burst on the chart. That kind of sudden push after a long compressed range usually means the market isn’t done yet. The wick at 1.7214 created a clean higher low and the bounce from there looks real. When a coin moves more than 50 percent in a day and still holds above its recovery zone, it tells me momentum is still alive.
Here is everything clearly and simply.
TRADE SETUP FOR LIGHT/USDT
Entry Point 1.82 to 1.78
Target Points TP1: 1.95 TP2: 2.12 TP3: 2.40
Stop Loss 1.72
Reasons • Strong rebound from 1.7214 shows a real base forming • Buyers stepped in hard during the last candle which usually starts the next wave • Momentum on the 15m chart is still building after a big upside candle • Price is holding above the mid range which is a bullish sign after a high volatility day • If LIGHT breaks above 1.95 it can quickly retest the higher zones because liquidity is thin
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$LIGHT
$LIGHT just showed a wild burst on the chart. That kind of sudden push after a long compressed range usually means the market isn’t done yet. The wick at 1.7214 created a clean higher low and the bounce from there looks real. When a coin moves more than 50 percent in a day and still holds above its recovery zone, it tells me momentum is still alive.
Here is everything clearly and simply.
TRADE SETUP FOR LIGHT/USDT
Entry Point
1.82 to 1.78
Target Points
TP1: 1.95
TP2: 2.12
TP3: 2.40
Stop Loss
1.72
Reasons
• Strong rebound from 1.7214 shows a real base forming
• Buyers stepped in hard during the last candle which usually starts the next wave
• Momentum on the 15m chart is still building after a big upside candle
• Price is holding above the mid range which is a bullish sign after a high volatility day
• If LIGHT breaks above 1.95 it can quickly retest the higher zones because liquidity is thin
Let’s go Trade now $LIGHT #TopGainersInADownMarket #FOMCMeetingMinutesComingUp #GovShutdownOfficiallyEnded #BuyTheDipOrWaitNow? #BuyTheDipOrWaitNow?
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