๐จ $LSK | BREAKDOWN SETUP ๐ด
After the sharp decline and abandoning the moving averages, $LSK enters a short-term accumulation phase below the watch zone, amid a bearish shift on the 15M timeframe.
๐ด WATCH ZONE: $0.0890โ$0.0905
๐ฏ Targets:
TP1: $0.0858
TP2: $0.0843
TP3: $0.0829
๐ Invalidation of the scenario: $0.0925 (returning above the moving averages)
๐ก Technical rationale: The price experienced a sudden sell-off; by breaking through the moving averages, it caused the indicator to reach the oversold zone and the move to enter a transition phase.
After the sharp decline and abandoning the moving averages, $LSK enters a short-term accumulation phase below the watch zone, amid a bearish shift on the 15M timeframe.
๐ด WATCH ZONE: $0.0890โ$0.0905
๐ฏ Targets:
TP1: $0.0858
TP2: $0.0843
TP3: $0.0829
๐ Invalidation of the scenario: $0.0925 (returning above the moving averages)
๐ก Technical rationale: The price experienced a sudden sell-off; by breaking through the moving averages, it caused the indicator to reach the oversold zone and the move to enter a transition phase.
