lskbearish

I said wait for $LSK to choose. It just did. 👀

LSK didn’t hold the $0.61 zone.
Now the question is no longer “bullish or bearish?”

The chart has already started answering.

In my last post, I said I wasn’t going to guess the direction until price either bounced from $0.61 or pushed below it. Well, it pushed below it, and it didn’t just make a small wick under support. The price continued selling and is now around $0.41.

That changes the whole picture.

The $0.61 area was the level I was watching for confirmation, and losing it gives the bears much more control. The selling pressure is also clearly visible on the chart, with volume picking up during the drop.

Now I’m watching how price behaves from here instead of blindly calling for a reversal.

Could LSK bounce? Of course. Nothing moves in a straight line forever. A relief bounce can happen at any point, especially after such a sharp drop.

But unless price can reclaim important levels and show real strength again, I’m not going to pretend the chart is bullish.

The next major area on my chart is much lower.

Let’s see what $LSK does next.
This time, the chart already made the first move.
#lsk #Lskbearish #LSKUSDT