**
$LSK Trading Setup: Vertical Rally Testing Heavy Resistance** 🚨
$LSK just woke up from a deep accumulation phase, exploding for a 100%+ vertical rally. However, this aggressive run is heading straight into a critical test zone, and short-term buying pressure is already showing exhaustion.
¶**Current Price Action & Key Levels**
* **Recent Peak: Pushed to $0.3672 before
initiating a pullback.
* **Current Consolidation: Hovering
closely around $0.3515.
* **Major Supply Zone: Looming directly
above between $0.3800 and $0.4000.
¶**Technical Breakdown (15m Chart)
* **Decelerating Momentum:
**The aggressive buying volume is visibly
slowing down.
* **Reversal Signals: Repeated upper wicks
and a potential double top formation
near the local highs point to immediate
buyer exhaustion.
* **The Trap: Chasing late green candles
into a known supply zone carries
extreme risk.
¶**Short Position Strategy**
* **Entry Watch Zone: $0.3520 to $0.3720.
The strategy requires waiting for a clear
rejection candle, rather than stepping in
front of blind strength.
* **Confirmation Trigger: A confirmed
15-minute candle close below $0.3480
will signal that active sellers are stepping
in.
* **First Target: $0.3337
* **Second Target: $0.2921
* **Invalidation (Stop Loss): $0.4200,
positioned safely above the recent
structural highs.
After a massive, aggressive move, the smartest trade isn't always hunting for the next breakout candle—it’s pinpointing exactly where the serious sellers are waiting to take control.
#LSK #Lisk #cryptotradingBinanceSquare #TechnicalAnalysis #DayTradingStrateBTC