🚨 $LSK JUST REJECTED $1.10. IS THE BIGGER DROP NEXT?
LSK has already exploded more than 230% today, but the 15m chart is starting to show signs of exhaustion. After pushing above $1.10, price was rejected hard and quickly fell back toward $0.85. That rejection is important because buyers failed to hold the breakout area.
For me, the most important level now is around $0.82. If LSK loses this support with strong selling volume, the current structure could turn into a much deeper pullback. The next areas I would watch are $0.75 and then around $0.68.
At the same time, I would not blindly short here. After such an aggressive move, LSK can easily produce another violent bounce and squeeze late sellers. A clean rejection around $0.95 to $1.05 would give a much better risk setup.
Trade Setup
Entry: $0.90 to $0.95
TP1: $0.82
TP2: $0.75
TP3: $0.68
SL: $1.06
Bias: SHORT 📉
Risk/Reward: Approximately 1:2.5
The chart is extremely volatile, so confirmation matters more than chasing the move.
#LSKUSDT #lsk #analysis
LSK has already exploded more than 230% today, but the 15m chart is starting to show signs of exhaustion. After pushing above $1.10, price was rejected hard and quickly fell back toward $0.85. That rejection is important because buyers failed to hold the breakout area.
For me, the most important level now is around $0.82. If LSK loses this support with strong selling volume, the current structure could turn into a much deeper pullback. The next areas I would watch are $0.75 and then around $0.68.
At the same time, I would not blindly short here. After such an aggressive move, LSK can easily produce another violent bounce and squeeze late sellers. A clean rejection around $0.95 to $1.05 would give a much better risk setup.
Trade Setup
Entry: $0.90 to $0.95
TP1: $0.82
TP2: $0.75
TP3: $0.68
SL: $1.06
Bias: SHORT 📉
Risk/Reward: Approximately 1:2.5
The chart is extremely volatile, so confirmation matters more than chasing the move.
#LSKUSDT #lsk #analysis
