$LIGHT Long Liquidation Alert

A strong long wipe just hit LIGHT with around $7K liquidated near $0.5888, shaking weak hands. Right now, price is hovering close to $0.59, trying to stabilize. The main support sits around $0.56, while resistance is near $0.63. If price holds above support, we could see a short-term bounce toward resistance. If support breaks, more downside pressure may come. Next move: cautious recovery if buyers step in. Stoploss: below $0.55 to stay safe.

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$LIGHT

LIGHTBSC
LIGHTUSDT
0.2353
+3.93%