ONCHAIN INSIGHTS
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Bearish
🐻 $LIGHT in a strong bullish trend but pulling back from some seriously overbought levels. I'm leaning cautious short for a correction.
Price-wise, this thing went parabolic with a 330% spike in just 24 hours, then got smacked down from that 2.2585 high. The latest 4h candle looks like a classic bearish pin bar at resistance, and with volume fading, it feels like exhaustion setting in. It's trading at a huge premium—151% above the 20MA at 0.7724—which usually doesn't last without some consolidation.
On the volume side, those last few 4-hour candles show volume dropping off—from around 518M down to just 109K—as it pushed up to that 1.82-1.94 zone. That tells me the bulls are losing a bit of steam up here. Looking at capital flows, there's some net outflow on shorter timeframes like -7.9M in the last hour and -3.68M in 30 minutes, which screams profit-taking, especially from leveraged traders. But zoom out to 24 hours, and we've got a solid +46.82M inflow, so the overall interest is still pretty bullish.
Entry shot $LIGHT : I'd look to enter around 2.00-2.10 USDT if it retests resistance.
Stop loss at 2.35 USDT, just above the 24h high
Targets $LIGHT : First at 1.5356 USDT (around the 5MA support, about a 23% drop), and if it keeps going, 1.0642 USDT (10MA, 47% down).
{future}(LIGHTUSDT)
Why? You've got RSI screaming overbought, and that volume divergence—perfect setup for mean reversion. The big picture is still up, but a 20-30% dip would reset things nicely for the next push.
Just a heads up: These parabolic runs can defy logic sometimes, so size your position smart—anyone else eyeing this? #light #LIGHTUSDT #bitlight
Price-wise, this thing went parabolic with a 330% spike in just 24 hours, then got smacked down from that 2.2585 high. The latest 4h candle looks like a classic bearish pin bar at resistance, and with volume fading, it feels like exhaustion setting in. It's trading at a huge premium—151% above the 20MA at 0.7724—which usually doesn't last without some consolidation.
On the volume side, those last few 4-hour candles show volume dropping off—from around 518M down to just 109K—as it pushed up to that 1.82-1.94 zone. That tells me the bulls are losing a bit of steam up here. Looking at capital flows, there's some net outflow on shorter timeframes like -7.9M in the last hour and -3.68M in 30 minutes, which screams profit-taking, especially from leveraged traders. But zoom out to 24 hours, and we've got a solid +46.82M inflow, so the overall interest is still pretty bullish.
Entry shot $LIGHT : I'd look to enter around 2.00-2.10 USDT if it retests resistance.
Stop loss at 2.35 USDT, just above the 24h high
Targets $LIGHT : First at 1.5356 USDT (around the 5MA support, about a 23% drop), and if it keeps going, 1.0642 USDT (10MA, 47% down).
{future}(LIGHTUSDT)
Why? You've got RSI screaming overbought, and that volume divergence—perfect setup for mean reversion. The big picture is still up, but a 20-30% dip would reset things nicely for the next push.
Just a heads up: These parabolic runs can defy logic sometimes, so size your position smart—anyone else eyeing this? #light #LIGHTUSDT #bitlight
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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