LIGHT's recent performance has indeed caught the attention of many—rising straight from 0.31 to 1.11, with a single-day increase of 144.79%. However, such a surge fundamentally hides several warning signals.
This "rocket-like" market trend is mostly driven by capital inflows rather than genuine improvements in the project's fundamentals. Money enters quickly and exits just as fast, making sustainability questionable. After the price is pushed to a high level forcefully, holders naturally want to take profits, and once a selling wave forms, the decline can be rapid and severe.
For investors who haven't positioned themselves in advance, chasing the high now is equivalent to taking on the risk of buying at the top. Given the large short-term gains, a technical correction is almost a high-probability event. Those who have already entered can consider taking profits in stages to realize some gains and hedge against subsequent risks. If you haven't entered yet, it's advisable to stay calm and observe; wait for the price to stabilize after the correction before deciding whether to participate based on your risk appetite.
Pay close attention to the two key support levels at 1.00 and 0.90. If the price effectively breaks below 0.90, it often indicates that the correction may deepen further, and it won't be too late to wait and see at that point.
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TestnetNomad
· 7h ago
Rocket-like surges are just tricks played by funds; the fundamentals haven't kept up, and the decline is even more brutal.
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GateUser-0717ab66
· 7h ago
144% increase? Wake up, buddy. This is a classic pump-and-dump scheme. What about the fundamentals?
Once you're in, sell in batches. Don't wait until they cut your kidneys to cry.
If you haven't bought in yet, don't rush to FOMO. 0.90 is a line; wait until it's broken.
There are too many traps in this kind of market. I'll just wait and watch the show.
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GasFeeVictim
· 7h ago
It's the same story again, just pushing the funds to the market. It looks exciting, but don't be greedy.
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IfIWereOnChain
· 7h ago
It's the same old trick, just pumping the funds, eventually leading to a dump.
I'm just waiting to buy the dip, if it drops to 0.90, I'll buy.
Chasing highs means paying tuition fees, it's exhausting to watch.
At the 1.11 level, I really don't dare to touch it.
Those who should have taken profits early, greed harms people.
This kind of coin is just a scam to harvest retail investors, it's pointless.
Pump-and-dump of air coins, it's always the same, and the fall is even harsher.
I've already run away, let's see how it plays out later.
LIGHT's recent performance has indeed caught the attention of many—rising straight from 0.31 to 1.11, with a single-day increase of 144.79%. However, such a surge fundamentally hides several warning signals.
This "rocket-like" market trend is mostly driven by capital inflows rather than genuine improvements in the project's fundamentals. Money enters quickly and exits just as fast, making sustainability questionable. After the price is pushed to a high level forcefully, holders naturally want to take profits, and once a selling wave forms, the decline can be rapid and severe.
For investors who haven't positioned themselves in advance, chasing the high now is equivalent to taking on the risk of buying at the top. Given the large short-term gains, a technical correction is almost a high-probability event. Those who have already entered can consider taking profits in stages to realize some gains and hedge against subsequent risks. If you haven't entered yet, it's advisable to stay calm and observe; wait for the price to stabilize after the correction before deciding whether to participate based on your risk appetite.
Pay close attention to the two key support levels at 1.00 and 0.90. If the price effectively breaks below 0.90, it often indicates that the correction may deepen further, and it won't be too late to wait and see at that point.