๐ง๐ต๐ฒ ๐ฏ๐๐ฟ๐ป ๐ถ๐ ๐ฟ๐ฒ๐ฎ๐น, ๐ฏ๐๐ ๐๐ต๐ฒ ๐ฐ๐น๐ผ๐ฐ๐ธ ๐ถ๐ ๐๐ถ๐ฐ๐ธ๐ถ๐ป๐ด
Lisk has started destroying 100 million $LSK tokens, cutting total supply from 400 million to 300 million. That's a 25% reduction, and the 4H chart just confirmed a reclaim above the MA(99) at $0.373. The MA(7) has crossed above the MA(25), signaling short-term momentum is shifting.
BEST SETUP: LSK/USDT
BIAS: LONG on pullback
ENTRY: $0.380 โ $0.390
STOP LOSS: $0.345
TP1: $0.450
TP2: $0.520
The burn is the catalyst, but the technicals agree. A retest of the breakout zone offers a clean entry with defined invalidation below $0.345.
Risk: The RSI is at 66, approaching overbought. A close below $0.345 invalidates the setup. Do not chase green candles.
Trade here ๐๐ป spot ๐๐ผ $LSK ๐
Is the supply cut enough to sustain this move, or is the migration deadline the real story?
Lisk has started destroying 100 million $LSK tokens, cutting total supply from 400 million to 300 million. That's a 25% reduction, and the 4H chart just confirmed a reclaim above the MA(99) at $0.373. The MA(7) has crossed above the MA(25), signaling short-term momentum is shifting.
BEST SETUP: LSK/USDT
BIAS: LONG on pullback
ENTRY: $0.380 โ $0.390
STOP LOSS: $0.345
TP1: $0.450
TP2: $0.520
The burn is the catalyst, but the technicals agree. A retest of the breakout zone offers a clean entry with defined invalidation below $0.345.
Risk: The RSI is at 66, approaching overbought. A close below $0.345 invalidates the setup. Do not chase green candles.
Trade here ๐๐ป spot ๐๐ผ $LSK ๐
Is the supply cut enough to sustain this move, or is the migration deadline the real story?
