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Technical analysis indicates that LIGHT showed a trend reversal signal after 9 PM based on the previous two days' calculations. The subsequent sharp decline was likely caused by large investors closing positions temporarily, leading to a sudden sell-off. However, such short-term declines usually do not reverse the overall direction of the subsequent rebound.
From the current perspective, the market needs approximately 48 hours to repair technical indicators, especially the oversold signals accumulated after high-level oscillations. If this timeframe is followed, LIGHT is expected to enter another trend reversal cycle around January 1st. At that time, the key support levels in the technical analysis will become the focus of observation—whether the price will continue to decline or bottom out and rebound will become clearer.