Looking at $LIGHT on the 1H and I’m leaning bearish here.
Price pushed into the 0.25–0.27 area and got rejected pretty cleanly. That zone has acted as resistance before, and we’re now seeing a lower high form after the failed attempt to break through. Momentum also looks like it’s fading compared to the previous push up.
As long as we stay below 0.274, I think downside makes more sense. First area I’m watching is around 0.23, and if that gives way, 0.221 could get tapped for liquidity.
Invalidation is clear, risk is defined — that’s what makes it interesting. Not chasing, just letting the setup play out.
Let’s see if sellers follow through. 👀📉
#light $LIGHT