LIGHT is testing a major resistance cluster between 4.95 and 5. The .886 Fibonacci level is acting as a serious obstacle here.
Here's what makes this interesting: if LIGHT manages to break above that .886 resistance, we're looking at potential for a significant upside move. That level has been holding price action pretty firmly, so a clean break could signal real momentum kicking in.
Worth keeping tabs on how price behaves at this zone—it's one of those key decision points that often precedes larger moves.
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LIGHT is testing a major resistance cluster between 4.95 and 5. The .886 Fibonacci level is acting as a serious obstacle here.
Here's what makes this interesting: if LIGHT manages to break above that .886 resistance, we're looking at potential for a significant upside move. That level has been holding price action pretty firmly, so a clean break could signal real momentum kicking in.
Worth keeping tabs on how price behaves at this zone—it's one of those key decision points that often precedes larger moves.