$SIGHT just went through a brutal flush.

Price dropped hard from the 0.07–0.08 zone and wiped out late longs in one straight move. That kind of candle usually signals forced selling, not healthy distribution.

Right now it’s hovering around an important area where price either: • stabilizes and builds a base

• or continues bleeding lower

No reason to rush entries here. Let the chart show acceptance first.

If a short-term bounce comes, it’s likely technical, not a trend reversal. Risk is still elevated, so position sizing matters more than targets.