$LIGHT this wave of movement is quite interesting. The spot price dropped from a low of 378 to 47 and then started to rebound, with many people taking the opportunity to enter. But to be honest, many people have a misconception about bottom fishing — they always want to precisely catch the absolute bottom, which is basically unrealistic.

Actually, bottom fishing is a vague process. Instead of obsessing over where the lowest point is, it's better to build positions gradually during significant declines. The 47 level does look attractive in terms of retracement, but more importantly, whether you can accept the range-bound fluctuations and your psychological resilience afterward.

Looking at it from another perspective, being able to confidently enter during panic is much more practical than precisely predicting the bottom. $LIGHT's recent performance is a good example — the decline was deep, but the rebound was strong, giving patience the opportunity. The key is to be patient and rational.