$LIGHT is reacting after a sharp liquidation move to 0.741 and the bounce from that level was instant. I’m watching this because the panic leg already happened and price is now trying to stabilize.

Reason

I’m focused here because sellers dumped aggressively but couldn’t keep price at the lows. Long wicks and slowing momentum suggest exhaustion, not fresh weakness.

Entry Point

0.748 to 0.765 zone

Target Point

TP1 0.795

TP2 0.835

TP3 0.875

Stop Loss

Below 0.741

How it’s possible

I’m seeing demand step in right after the sweep and price holding above the low. If buyers defend this zone, a recovery toward the prior range becomes very realistic as liquidity sits above.

Let’s go and Trade now $LIGHT