LIGHT's price trend is indeed worth caution. From the historical high of 1.1599 down to the current level, the obvious volume waterfall during that wave clearly indicates phased selling by the main force — this is no coincidence.

Currently, the price is oscillating around 0.44. At first glance, it seems to have support, but a closer look at the candlesticks shows it can't really hold. The 4-hour, 1-hour, and 15-minute charts all display a bearish trend, with buyers unable to even produce a decent rebound.

More importantly, the trading volume: increasing during declines and decreasing during rebounds. Haven't you seen this pattern enough times? It's a classic distribution rhythm. The probability of a short-term rebound is low, and there is still room below; whether the 0.40 support can hold is all in question.

To be honest, this kind of coin's bullish trend is hard to manipulate, and a small mistake can lead to a waterfall. Instead of risking a long position, it's better to wait and see — it's not too late to act once the technicals truly improve.