Traders, pay attention to the LSK/USDT chart. The asset has been hit hard — it’s down a fifth of its value in a day; the current mark is $0.3425. But let’s keep a cool head and look at the numbers:
1️⃣ A local low was spotted at $0.2920 — from there, an instant buyback kicked in.
2️⃣ The volumes on the pair are simply massive (19M USDT); liquidity is sufficient.
3️⃣ This leak is pure reaction to a psychological factor (news about the tag). Fundamentally, the coin is not dead.
Going in here with your whole stack shoulder-to-shoulder is suicide. But picking it up on the spot at the current price of $0.3425 with a stop under the local low is a perfectly workable setup: short risk and huge potential for a rebound to MA(10) at $0.3705.
