2026-01-03 06:26:02

LIGHT has been plunging from the high of 0.8758, and the bearish pattern has been gradually established. Just looking at the changes in the funding side can reveal how quickly this shift is happening—contract open interest continues to decline, large traders' short positions account for a noticeably higher proportion, and active selling volume has increased periodically. The bears' layout rhythm is quite clear.

The technical aspect is even more straightforward. The short-term candlestick is being tightly suppressed by moving averages, and the MACD has formed a death cross with the green bars still expanding. The rebound momentum has almost dissipated. Currently, the price is oscillating around 0.65 repeatedly. Once the previous support at 0.6070 is broken, the downward space will open directly. When such a structure of rising and falling back, with volume and price divergence, appears, shorting becomes quite attractive in terms of cost-effectiveness.

The risk control logic is simple: place the stop-loss at the key resistance level of 0.68, and target the support zone below at 0.60. Once a downtrend is established, the inertia can often be quite fierce.

LIGHT-1,9%

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GasWhisperer

· 01-06 06:26

watching LIGHT bleed through support levels like bad transaction timing... those big holders finally flipped short, that's when you know the reversal's real, not just noise

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LightningClicker

· 01-05 14:49

0.607 broke through, directly dropping to 0.6. This wave of bears is indeed quite fierce. --- Big players are all selling off. Still hoping for a rebound at this point? Haha. --- The moving average resistance is dead, and the green bars are still expanding. I've seen this pattern several times, and it has never gone up. --- Volatility, volatility. Still waiting for a breakout; otherwise, I don't dare to enter. --- Risk control stop-loss at 0.68, target 0.60. The logic is clear. I'll observe for now. --- The signal of contract position decline is interesting. It seems big players are really running. --- Volume-price divergence to short? I need to check the trading volume first. I've been burned by this top pattern before. --- 0.65 repeatedly fluctuates. Should I buy the dip, everyone? Or continue to wait for a breakout?

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LiquidityWhisperer

· 01-03 19:51

0.6070 once broken, you have to go all in immediately. This bearish pattern really can't be escaped. The big traders are dumping aggressively; rebounds are basically dead. Stop loss at 0.68, target 0.60, it's that simple and straightforward. MACD has already formed a death cross like this, what rebound are you talking about? Contract holdings are continuously decreasing; it looks really uncomfortable. The divergence between volume and price is so obvious, no wonder the bears are smiling. Why bother with 0.65 oscillations? Break the support early. With this rhythm, once the decline starts, it just can't stop. Big traders are all building short positions; what are we hesitating for? It feels like 0.60 is a black hole; it might keep falling even then.

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ETHReserveBank

· 01-03 06:56

Yeah, this wave of bears is quite fierce. Once 0.6070 is broken, be cautious. Major players are all building short positions. This rhythm is quite interesting. The MACD death cross has been spreading for so long, and the rebound really isn't convincing. Stop loss at 0.68, target at 0.60. This logic is clear; now it's just a matter of whether it can fall further. The divergence between volume and price is a bit dangerous; be careful.

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CryptoMotivator

· 01-03 06:54

0.6070 breaking means you have to run. This wave of bears is indeed a bit fierce.

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nft_widow

· 01-03 06:54

The recent wave of short-selling has been quite fierce; big players have already exited. Can 0.6 hold? It feels like it's about to break. The rebound momentum is dead; MACD is all green... not optimistic. It's time to stop-loss again, damn it. The short position at 0.68 was indeed a good entry point, just worried about a false breakout. The overall market is being pressured by bears, LIGHT can't hold up at all.

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GasFeeLady

· 01-03 06:40

tbh the timing on this short setup is giving me optimal window vibes... those whales exiting and the dead cross? that's not noise, that's the market's gas oracle speaking. watched the gwei spike before every dump like this lol

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DegenWhisperer

· 01-03 06:34

0.6070 break and then just leave immediately, this wave of bears is indeed a bit fierce

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