$LIGHT
Short selling! On December 5th, I shorted LIGHT at the 1.1381 position. Long-term layout, today I will break down my thinking for you!
Weak liquidity trap: Tokens like LIGHT with this market cap have a pool as shallow as a small puddle. Don't be fooled by the calm on usual days; once there are large orders or market fluctuations, the price can easily flash crash. At that time, the buying support on the order book was already thin, making it a perfect moment for a short attack.
Technical breakout resonance: The price has been hovering around 1.14 for too long, and despite multiple tests, it couldn't effectively break through, forming a classic false breakout pattern. Once it turns around from this position, the speed of decline will be very fast. Next potential opportunity, want to operate? There are still positions available.