$LIGHT 📊 Trade Signal Analysis (1D Chart)
• Current Price: $0.92808 (+22.36%)
• Range Today:
• Low: $0.37878
• High: $1.32517
• Candle Structure:
• Very long wick on top → suggests strong rejection above $1.30.
• Big green candle body → strong bullish momentum from $0.37 to ~$0.93.
• Volume: Spike in trading activity (likely a breakout event).
• Market Cap: $39.96M with relatively low liquidity ($2.13M), which means price can swing wildly.
🔑 Key Levels
• Support: $0.74 → strong bounce zone.
• Immediate Resistance: $0.95 → rejection area.
• Major Resistance: $1.32 (day’s high).
📈 Long Trade Signal
• The breakout from $0.37 → $0.93 shows strong bullish momentum.
• If price holds above $0.74 support, it remains a good long setup.
• Next bullish targets:
• $0.95 (minor resistance)
• $1.16 (mid resistance)
• $1.32 (major resistance / take-profit zone).
⚠️ Risk
• Strong volatility due to low liquidity.
• A drop below $0.74 would invalidate the bullish setup.
👉 Long setup idea: Buy around $0.80–$0.90 with SL below $0.74 and TP between $1.16–$1.32.
#Lightspark