$LSK has gone from a forgotten accumulation zone to a massive 100%+ vertical move. After such an aggressive rally, price is now approaching an area where buyers could face serious resistance and sellers may start stepping in.
📌 Current Setup
$LSK pushed up to around $0.3672 and is now trading near $0.3515, just below the larger $0.3800–$0.4000 supply zone.
On the 15-minute chart, buying momentum appears to be slowing. We’re seeing repeated upper wicks near the highs, while a possible double-top structure is developing.
That’s exactly why I’m not chasing the green candles here.
🔴 SHORT ZONE: $0.3520–$0.3720
I’m looking for a clear rejection from this zone before entering. Blindly shorting a strong rally is risky — confirmation matters.
📉 Confirmation Level:
A 15m breakdown below $0.3480 would give sellers stronger confirmation that momentum is shifting.
🎯 Targets:
TP1: $0.3337
TP2: $0.2921
🛑 Invalidation: $0.4200
The idea is simple: after a move this aggressive, the next opportunity may not be another green candle. The bigger opportunity could be identifying where the first serious sellers are waiting.
⚠️ Manage risk carefully, use appropriate position sizing, and wait for confirmation before entering.
$LSK — don’t chase the pump. Watch the rejection. 📉🔥
