๐ $LIGHT Trade Signal (Day Trade) โ SHORT Setup
Entry 1: 1.6350
Entry 2: 1.6750
TP1: 1.5750
TP2: 1.5250
TP3: 1.4780
SL: 1.7400
Leverage: 20xโ40x
Margin: 2โ4%
Open Trade in Future๐๐ป
Spot Summary:
$LIGHT has lost over 17% today after failing to sustain above 2.0790, showing strong selling pressure on every bounce. Short-term recovery attempts are weak and volumes are declining.
Spot Sell Targets: 1.5600 โข 1.5200 โข 1.4800 โข 1.4450 โข 1.4100
Why This Trade:
After peaking at 2.0790, $LIGHT went into a sharp sell-off, forming consistent lower highs and breaking multiple intraday supports. Although a slight recovery is visible from 1.5653, momentum remains bearish as price stays below moving averages and sellers step in at every minor rise. The current level near 1.6350 is acting as resistance, suggesting upside remains limited. If price fails to reclaim 1.6750 with strength, another bearish wave toward 1.5750โ1.5250 is likely within the next 24 hours. Selling from controlled resistance zones offers a more favorable setup than chasing longs.