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The asset continues to move within a broader downtrend, while the 4-hour indicators strongly signal a short.
๐ด Short $LSK : Expect the price to fall
Direction: Short ยท Strong
Entry: 0.209277 โ 0.210463
Take profit 1: 0.198944 (-5.2%)
Take profit 2: 0.191659 (-8.7%)
Take profit 3: 0.180733 (-13.9%)
Stop loss: 0.224438 (+6.9%)
Plan: Enter only within the range, take half the profit at take profit 1, then move the stop loss to the entry price.
Why short? 7 out of 12 signals agree, while one signal disagrees.
โข 4-hour trend is bearish (price below EMA50 and EMA200)
โข 1-hour trend is bearish (price below EMA50 and EMA200)
โข Sellers are leading the move (15-minute ADX at 31.2)
Risk: The price is well below its average, so a rebound is likely (โ3.5 ATR from the 1-hour EMA50)
The asset continues to move within a broader downtrend, while the 4-hour indicators strongly signal a short.
๐ด Short $LSK : Expect the price to fall
Direction: Short ยท Strong
Entry: 0.209277 โ 0.210463
Take profit 1: 0.198944 (-5.2%)
Take profit 2: 0.191659 (-8.7%)
Take profit 3: 0.180733 (-13.9%)
Stop loss: 0.224438 (+6.9%)
Plan: Enter only within the range, take half the profit at take profit 1, then move the stop loss to the entry price.
Why short? 7 out of 12 signals agree, while one signal disagrees.
โข 4-hour trend is bearish (price below EMA50 and EMA200)
โข 1-hour trend is bearish (price below EMA50 and EMA200)
โข Sellers are leading the move (15-minute ADX at 31.2)
Risk: The price is well below its average, so a rebound is likely (โ3.5 ATR from the 1-hour EMA50)