🚨 TRADE ALERT: $LIGHT (Perp) – Short Setup
Current Price: 0.2417
LIGHT is in a clear weekly downtrend after a massive blow-off top near 4.69.
Lower highs + lower lows structure is intact.
Momentum remains weak.
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📊 Technical Breakdown
• Price below EMA(7) → bearish control
• RSI(6): 28 → weak bounce attempts
• RSI(12): 41 → still under midline
• 30D: -43.9%
• 90D: -76.1%
Trend = Strong distribution phase.
Every bounce so far = lower high.
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🎯 Short Trade Plan
Entry Zone: 0.240 – 0.250
Stop Loss: 0.270
Targets:
• TP1: 0.210
• TP2: 0.187 (previous low)
• TP3: 0.150
Risk/Reward: 1:2.5 – 1:3
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🧠 Trade Logic
• Macro downtrend intact
• Weak RSI structure
• No strong bullish divergence
• Supply likely above 0.25 zone
Expect continuation unless strong reclaim above 0.27.
⚠ Volatility can spike — manage leverage carefully.
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🔥
$LIGHT still bleeding.
Trend is down. Bounces = shorts.
Watching breakdown below 0.23 → 0.18 next.
#Crypto #ShortSetup #Binance #Perp