$LSK — squeeze is live. price is ripping. here's the line that matters.
LSK just tagged ~$0.83** on Gate after ripping **+44%** in a session.
Why it's moving:
• **$33.68M in short liquidations** vs only $7.44M longs — this is a squeeze, not real demand
• Negative funding — shorts are literally paying to stay in while getting liquidated
• 100M LSK burn (400M → 300M supply) already started Sept 14
The non-negotiable deadline:
Lisk Chain dies Oct 31. Real migration deadline is Oct 21 — 3-day unstake + 7-day bridge. Miss it and your tokens are permanently inaccessible.
Levels:
🟢 $0.7092** — now support. Hold = squeeze continues.
🔴 **$0.82–$1.05** — next targets.
⚠️ **$0.575 — 1H EMA20. Lose it = momentum gone.
My read: This is a leveraged short squeeze on a dying chain with a supply narrative. Trade the levels. Respect $0.7092. Don't marry it.
NFA. DYOR.
#LSK #Lisk #Crypto #BinanceSquare
LSK just tagged ~$0.83** on Gate after ripping **+44%** in a session.
Why it's moving:
• **$33.68M in short liquidations** vs only $7.44M longs — this is a squeeze, not real demand
• Negative funding — shorts are literally paying to stay in while getting liquidated
• 100M LSK burn (400M → 300M supply) already started Sept 14
The non-negotiable deadline:
Lisk Chain dies Oct 31. Real migration deadline is Oct 21 — 3-day unstake + 7-day bridge. Miss it and your tokens are permanently inaccessible.
Levels:
🟢 $0.7092** — now support. Hold = squeeze continues.
🔴 **$0.82–$1.05** — next targets.
⚠️ **$0.575 — 1H EMA20. Lose it = momentum gone.
My read: This is a leveraged short squeeze on a dying chain with a supply narrative. Trade the levels. Respect $0.7092. Don't marry it.
NFA. DYOR.
#LSK #Lisk #Crypto #BinanceSquare
