Ever noticed this chart pattern on $LIGHT? It's a textbook dump formation—sharp selling pressure followed by a period of distribution. This kind of price action typically signals accumulation by smart money or retail capitulation depending on the timeframe. The pattern usually precedes either a recovery bounce or further consolidation. Traders watching this setup should pay attention to volume confirmation and support levels. What's your read on where the next move goes from here?

LIGHT-77.39%
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
  • 4
  • Repost
  • Share
Comment
0/400
GasFeeSobbervip
· 8h ago
Dump is just dump, anyway, it's nothing new. Just wait and see when smart money starts the accumulation.
View OriginalReply0
ruggedSoBadLMAOvip
· 8h ago
Why are you still waiting when the dump is so obvious? I would have run away long ago. Those who are entering now are all suckers.
View OriginalReply0
LiquidationWatchervip
· 8h ago
It must be another act of market makers dumping and retail investors catching a falling knife.
View OriginalReply0
BearEatsAllvip
· 9h ago
dump formation I've seen this trick too many times, every time they say smart money is accumulating, but in the end, it just keeps falling? Anyway, I don't believe it anymore. Once it breaks the support level, I'm going all in with a short order.
View OriginalReply0
  • 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)