$LIGHT this wave of market movement is indeed quite extreme—rising from 0.3143 all the way up to 1.1727, an increase of over 270%, with such rapid speed that it leaves people amazed.

From the market characteristics, small-cap tokens have limited liquidity, and such violent surges in a short period are often difficult to sustain. Especially with this round of rally—straight-line ascent without proper retracement—it looks more like a phased quick exit rather than accumulation.

The price has already started to pull back from the high point, which is actually expected. After a sharp rise, adjustments are usually not gentle because the early follow-up chips need to escape, and supply suddenly increases. From the candlestick structure, the upward momentum is clearly weakening, and support levels below are gradually being broken.

From a technical perspective, there is a short-term opportunity to short at this position. The overall trend is downward, and the price is indeed undergoing a correction. Following this technical rhythm to operate, the risk is relatively controllable. However, when shorting small-cap tokens, caution with leverage multiples is necessary, as small market caps mean larger volatility.

Overall, this wave of $LIGHT performance is a typical rapid fluctuation—sharp rise attracts attention, followed by a quick correction and decline. Participants need to have a clear understanding of this rhythm.