LIGHT's recent rebound looks like a rally, but it's actually a classic trap to lure long positions. It dropped straight from 4.69 to 0.68, with the moving averages already in a complete bearish alignment. Now, the rebound hasn't even touched the 99-day moving average. Basically, it's just speculative capital pushing the price up to attract retail investors.
From a capital perspective, it's even clearer. Large investors are consistently holding high cash positions, and whenever open interest slightly increases, someone dumps. No one is truly bullish. For such coins lacking fundamental support, a rebound is just an opportunity for bears to make money.
From a practical standpoint, my approach is to lightly short in the 0.89-0.9 range, with a stop-loss set above 0.92. The first target is 0.75. If it really breaks below that, continue shorting below 0.68. Don't be fooled by this small rebound. For a coin that has experienced such a sharp decline, the rebound is usually just a temporary pause in the downtrend, and ultimately, it will return to the downward channel.
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TokenTaxonomist
· 8h ago
let me pull up my spreadsheet real quick... yeah the data suggests otherwise on this one. 4.69 to 0.68 is taxonomically a dead canary in the coalmine, and honestly the 99-day ma? didn't even flinch. classic liquidity trap architecture, statistically speaking
Reply0
NotFinancialAdvice
· 18h ago
The trap of诱多 is played very skillfully, retail investors are once again witnessing a car crash scene
It's the same scam, daring to go all-in on a rebound, deservedly washed out
Big players have empty positions piled up into mountains, this rebound is purely a show
0.89 shorting, I also follow this idea, depends on whether your hands are steady enough
LIGHT, no one really believes in this coin, the rebound is just a last gasp before a decline
All moving averages are bearish, still daring to buy the dip? Typical leek mentality
The tactics of hot money are outdated, but unfortunately, some still rush in
View OriginalReply0
BoredRiceBall
· 18h ago
Wake up, this rebound is just a false alarm, don't chase it anymore.
Another trap to lure buyers in, big players have already prepared to short.
Can't get 0.89, 0.75 is the real target, I bet it will drop further.
Retail investors, you can never escape this cycle.
Oh my, the moving averages are arranged in such a hopeless way, no wonder no one dares to buy in.
View OriginalReply0
SerumSqueezer
· 18h ago
Manipulation is indeed ruthless, I also can't understand the logic behind this rebound
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Even the 99-day moving average hasn't been touched, and you're still chasing? Wake up, everyone
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Big players are all in cash, retail investors are still buying in, I've seen this script too many times
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Shorting at 0.89 is indeed safe, I bet it won't break through
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The rebound is like a sickle, don't be fooled into it, buddy
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It's so obvious that contracts are being dumped, and some still hold a bullish view, it's truly incredible
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This kind of coin should be allowed to fall back to the floor price, it's only a matter of time
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My strategy is pretty much the same, I don't dare to hold heavy positions, afraid of being crushed through
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The manipulation by capital is so blatant, it's an obvious fake rally at a glance
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Coins lacking fundamentals are always death traps for rebounds, no doubt about it
View OriginalReply0
FundingMartyr
· 18h ago
Trying to lure more buyers again? Let's see who dares to take this move.
View OriginalReply0
BearMarketMonk
· 18h ago
Inducing buying is just inducing buying, retail investors are still holding the bag
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Falling from 4.69 to 0.68, this rebound can't fool me at all
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With big players holding such full short positions, can you believe in a rebound?
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Here we go again, I've seen this tactic from hot money too many times
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I also want to try shorting at 0.89, but I need to watch the stop loss carefully
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Rebounds in this kind of coin are all traps, don’t ask me how I know
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Coins lacking fundamentals, rebounds are just death traps
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The moving averages haven't even broken above, why would I be bullish?
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With such a clear bearish alignment, and some still dare to buy, really
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Is someone shorting at 0.92? Feels like the risk is quite high
LIGHT's recent rebound looks like a rally, but it's actually a classic trap to lure long positions. It dropped straight from 4.69 to 0.68, with the moving averages already in a complete bearish alignment. Now, the rebound hasn't even touched the 99-day moving average. Basically, it's just speculative capital pushing the price up to attract retail investors.
From a capital perspective, it's even clearer. Large investors are consistently holding high cash positions, and whenever open interest slightly increases, someone dumps. No one is truly bullish. For such coins lacking fundamental support, a rebound is just an opportunity for bears to make money.
From a practical standpoint, my approach is to lightly short in the 0.89-0.9 range, with a stop-loss set above 0.92. The first target is 0.75. If it really breaks below that, continue shorting below 0.68. Don't be fooled by this small rebound. For a coin that has experienced such a sharp decline, the rebound is usually just a temporary pause in the downtrend, and ultimately, it will return to the downward channel.