$LIGHT is back near the lower zone after a strong sell off with price holding around 1.04. Sellers are still in control but this level has been a key reaction point in the past.

The last time it tested the lower range the chart reversed with a powerful move toward 2.81.

Now the market is watching this area closely.

A breakdown can extend the decline but a strong reaction here could trigger another sharp bounce.

The next move from this zone will decide the momentum.

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