LIGHT has successfully broken through previous resistance levels, establishing a clear bullish structure shift on the daily timeframe. The price action shows strong displacement above key resistance, with price now consolidating above the reclaimed highs.
Key Technical Setup: The current zone between 2.4 and 2.5 is forming a critical breakout retest area. This range represents where buyers are likely to defend the breakout, making it an important support band for momentum continuation.
What to Watch: As long as LIGHT holds above this retest zone, the bullish momentum remains intact. A sustained close above 2.5 would further validate the structure shift and potentially open the path to higher levels. However, any breakdown below 2.4 would suggest profit-taking and could challenge the established bullish structure.
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ForkTrooper
· 20h ago
Positions 2.4-2.5 are really the critical threshold; if broken, you have to run.
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YieldChaser
· 20h ago
2.4 this threshold must be maintained, otherwise the previous gains are wasted
LIGHT/USDT Daily Chart: Bullish Structure Shift Confirmed
LIGHT has successfully broken through previous resistance levels, establishing a clear bullish structure shift on the daily timeframe. The price action shows strong displacement above key resistance, with price now consolidating above the reclaimed highs.
Key Technical Setup:
The current zone between 2.4 and 2.5 is forming a critical breakout retest area. This range represents where buyers are likely to defend the breakout, making it an important support band for momentum continuation.
What to Watch:
As long as LIGHT holds above this retest zone, the bullish momentum remains intact. A sustained close above 2.5 would further validate the structure shift and potentially open the path to higher levels. However, any breakdown below 2.4 would suggest profit-taking and could challenge the established bullish structure.