The recent trend of LIGHT has indeed caught many people off guard. It has plummeted from a high of 4.6 to 0.8, with a decline of over 80%. This vertical drop has left many holders in a passive position.

From a technical perspective, this wave of decline is accompanied by a significant deterioration in technical signals. A sudden negative news triggered market panic, and subsequently, the K-line formed a standard death cross breakout pattern, making it difficult to reverse the short-term pressure. In this context of confirmed technicals, traders who chose to follow the trend and short the market actually benefited from this wave of price movement. According to actual feedback, those who participated in this bearish trend made at least around 7,000 USDT, which is indeed a considerable amount.

After the bloodbath of these altcoins, the key lies in the subsequent judgment. For those who are already trapped in their Holdings, setting reasonable take-profit and stop-loss levels becomes particularly crucial — this not only effectively controls risk but also helps to cash in promptly during a rebound.

There are indeed some strong cryptocurrencies in the current market that are recovering against the trend. If we can outline clear entry and exit points, it will be very helpful for subsequent capital allocation. The key is still to grasp the turning points in the technical aspects, rather than being influenced by short-term panic emotions.