š $LSK BUILD A COLUMN +186% IN A DAY: FRONT-RUN SHORT OPPORTUNITY OR KEEP RIDING THE TOP?
Todayās market witnessed a wild breakout from LSK, surging up to +186.33% (hitting the $0.5446 mark). Along with that, POWR (+49.81%) and STEEM (+47.23%) also exploded.
For those trading Futures, these āpump-and-inflateā coins with huge volatility are a goldmineābut also a graveyard for accounts if youāre not careful!
šØ Trading perspective:
Long side (Fomo): The momentum is very strong, but entering a buy order at the current price level (chasing the peak) is extremely risky. If you want to go Long with the trend, you MUST wait for a price pullback to nearby support zones on the M15 or H1 timeframe to get a safer entry.
Short side (Ship stopper): Many people are waiting to ātop-tickā LSK and POWR. However, pay extreme attention to the Funding Rate. If the Funding Rate is strongly negative, be carefulāexchanges may run a āliquidity sweepā upward to wipe out the Short side before the real dump.
š” Advice: Lower leverage to a minimum ( <10x ) and ABSOLUTELY do not place a trade without a Stoploss! One candle with movement of over ten percent can liquidate your account in the blink of an eye.
š Are you planning to go Long or Short on LSK and POWR? Drop your Entry in the comments to discuss and break it down together!
#LSK #POWR #STEEM #BinanceFutures #TradingSignals $POWR
Todayās market witnessed a wild breakout from LSK, surging up to +186.33% (hitting the $0.5446 mark). Along with that, POWR (+49.81%) and STEEM (+47.23%) also exploded.
For those trading Futures, these āpump-and-inflateā coins with huge volatility are a goldmineābut also a graveyard for accounts if youāre not careful!
šØ Trading perspective:
Long side (Fomo): The momentum is very strong, but entering a buy order at the current price level (chasing the peak) is extremely risky. If you want to go Long with the trend, you MUST wait for a price pullback to nearby support zones on the M15 or H1 timeframe to get a safer entry.
Short side (Ship stopper): Many people are waiting to ātop-tickā LSK and POWR. However, pay extreme attention to the Funding Rate. If the Funding Rate is strongly negative, be carefulāexchanges may run a āliquidity sweepā upward to wipe out the Short side before the real dump.
š” Advice: Lower leverage to a minimum ( <10x ) and ABSOLUTELY do not place a trade without a Stoploss! One candle with movement of over ten percent can liquidate your account in the blink of an eye.
š Are you planning to go Long or Short on LSK and POWR? Drop your Entry in the comments to discuss and break it down together!
#LSK #POWR #STEEM #BinanceFutures #TradingSignals $POWR