How do you view this wave of LIGHT's pullback? The technical signals have already given a clear indication.

From the four-hour chart, the price has broken below the MA5 and MA10 moving averages support, which is a critical breakdown point. The MACD is also not improving; it continues to turn green, and the green bars are expanding, indicating that the momentum remains strong. The RSI reading is 39.02, showing a clear downward trend, and the selling pressure from the main force is also very evident, with no signs of weakening.

Based on this situation, the current price of 0.5998 can consider opening a short position directly. The stop-loss can be set at the rebound resistance level of 0.6200, providing a clear risk control.

For the target levels, the first target is 0.5800. If it breaks through smoothly, the second target can be further down to 0.5600. For this kind of trend trade, patience and holding usually yield better returns.

However, a reminder—short-term traders should not blindly catch the bottom. When the downward momentum is still so strong, the rebound space is limited. Only when the downward momentum truly exhausts itself does a small position betting on a rebound become more reliable.