The trading volume of LIGHT has been quite significant in the past two days. On the 30-minute Candlestick chart, the trading volume surged by 96.5%, and such a change in volume is often not without reason.



The current price is stuck at 0.8592 USDT, let's take a look at the key positions. The level at 0.8555 is a significant support, only 1.53% away from the current price, which is within the nearby range. There is also a support zone further down, in the range of 0.85 to 0.8583, which provides some cushion if it falls.

From a trading perspective, such a significant increase in Trading Volume usually indicates that the market is about to make a move. You can place a buy order around 0.8555 to test the waters, with a take profit target at the resistance level of 0.9025. The dramatic increase in Trading Volume combined with the price support level is a combination worth paying attention to. How the subsequent trend plays out will need to be monitored closely with LIGHT's real-time performance.
LIGHT-1.11%
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WhaleStalkervip
· 10h ago
96.5% of the volume surge is indeed a bit aggressive, but it depends on whether it can break through the 0.9025 level; otherwise, it's just the old trick of a false breakout.
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GasWranglervip
· 12-23 21:50
honestly, that 96.5% volume spike is mathematically significant but let's not pretend it's some mystical indicator... empirically speaking, volume alone doesn't predict direction without order flow analysis. the support levels you're citing are fine i guess, but if you're actually analyzing the mempool data, there's more nuance to extraction here that most traders just... miss entirely
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rekt_but_not_brokevip
· 12-23 21:50
The volume is so strong, be careful it might be a market maker whipsaw, I got trapped like this last time.
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mev_me_maybevip
· 12-23 21:45
The volume is so strong, indicating that someone is holding back a big move, we need to keep a close eye on it.
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ContractCollectorvip
· 12-23 21:40
The volume has increased so sharply to 96.5%, we indeed need to be cautious. However, we also need to observe whether the support level at 0.8555 can hold.
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