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.
LIGHT-17,72%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
SingleForYearsvip
· 12-28 11:45
The trap is back again, this time I'll probably get cut again --- From 4.69 to 0.68, this drop is truly incredible. Those still willing to buy now are really brave --- Big players are all out of the market. What kind of reversal are you expecting? Wake up --- A rebound is an opportunity to short. It's okay not to join this wave, wait for below 0.68 to buy the dip again --- The manipulation by the funds is still the same, retail investors are still so naive. When will this cycle ever break? --- The moving averages are in a bearish alignment, and people are still chasing the rally. It's really a bit hopeless --- Lightly short at 0.89. This guy's take-profit setup this wave is pretty good, at least the logic is clear --- Just a relay rebound, don't be fooled by the increase. It could drop again at any minute
View OriginalReply0
MeaninglessGweivip
· 12-28 06:44
The trap of chasing highs is so obvious, yet some still dare to follow... Wake up, everyone. --- The moving averages haven't even been touched before the rebound. Basically, it's people pumping and bleeding others dry. --- With such a high proportion of large traders holding no positions, it's time to turn bearish. --- Get off at 0.89, don't wait to be crushed. --- This coin has no fundamentals; rebounds are just traps. --- Fallen from 4 dollars to 0.7, and there are still brave warriors willing to buy in. --- I've seen this kind of manipulation from the big players many times. As long as it's not me taking the next sucker's position. --- Is 0.75 the bottom? Keep watching as it drops further. --- It's just a relay rebound; don't be fooled by the increase in price. --- With so many holding no positions, who's actually pumping the market?
View OriginalReply0
TokenTaxonomistvip
· 12-26 05:50
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
NotFinancialAdvicevip
· 12-25 19:51
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
BoredRiceBallvip
· 12-25 19:49
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
SerumSqueezervip
· 12-25 19:45
Manipulation is indeed ruthless, I also can't understand the logic behind this rebound --- Even the 99-day moving average hasn't been touched, and you're still chasing? Wake up, everyone --- Big players are all in cash, retail investors are still buying in, I've seen this script too many times --- Shorting at 0.89 is indeed safe, I bet it won't break through --- The rebound is like a sickle, don't be fooled into it, buddy --- It's so obvious that contracts are being dumped, and some still hold a bullish view, it's truly incredible --- This kind of coin should be allowed to fall back to the floor price, it's only a matter of time --- My strategy is pretty much the same, I don't dare to hold heavy positions, afraid of being crushed through --- The manipulation by capital is so blatant, it's an obvious fake rally at a glance --- Coins lacking fundamentals are always death traps for rebounds, no doubt about it
View OriginalReply0
FundingMartyrvip
· 12-25 19:34
Trying to lure more buyers again? Let's see who dares to take this move.
View OriginalReply0
BearMarketMonkvip
· 12-25 19:32
Inducing buying is just inducing buying, retail investors are still holding the bag --- Falling from 4.69 to 0.68, this rebound can't fool me at all --- With big players holding such full short positions, can you believe in a rebound? --- Here we go again, I've seen this tactic from hot money too many times --- I also want to try shorting at 0.89, but I need to watch the stop loss carefully --- Rebounds in this kind of coin are all traps, don’t ask me how I know --- Coins lacking fundamentals, rebounds are just death traps --- The moving averages haven't even broken above, why would I be bullish? --- With such a clear bearish alignment, and some still dare to buy, really --- Is someone shorting at 0.92? Feels like the risk is quite high
View OriginalReply0
DoNotGreedilyEnterAPositionOrvip
· 12-25 19:30
Master, try leaving one empty.
View OriginalReply0
View More
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)