$LIGHT — Recovery Setup After Liquidation Sweep
$LIGHT reacted sharply after a liquidation flush into 0.741, and the bounce from that level was immediate. The panic leg already played out, and price is now attempting to stabilize above the lows. This behavior often appears when selling pressure is exhausted rather than accelerating.
Reason
Aggressive selling failed to hold price at the lows. Long lower wicks and slowing downside momentum point to seller exhaustion and early demand stepping in, not fresh weakness.
Trade Setup
Entry Zone: 0.748 – 0.765
Targets:
TP1: 0.795
TP2: 0.835
TP3: 0.875
Stop Loss:
Below 0.741
How it’s possible
Liquidity was swept below 0.741, triggering forced selling. Price immediately reclaimed above the low and is holding, which suggests buyers are absorbing supply. If this zone remains defended, a recovery toward the prior range is a realistic continuation path.
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