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?
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GasFeeSobber
· 8h ago
Dump is just dump, anyway, it's nothing new. Just wait and see when smart money starts the accumulation.
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ruggedSoBadLMAO
· 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.
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LiquidationWatcher
· 8h ago
It must be another act of market makers dumping and retail investors catching a falling knife.
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BearEatsAll
· 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.
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?