$LSK surged almost vertically from the $0.10 base and briefly traded above $0.25—but this is exactly where chasing becomes dangerous.
From a Wyckoff perspective, the move resembles a late-stage markup entering a potential buying-climax zone. Price expanded aggressively with rising volume, then printed an immediate bearish reaction near the top. That shift suggests demand may be getting absorbed while stronger hands use the excitement to distribute into late buyers.
The SMC picture adds another warning: the high around $0.26 currently looks weak, while the first strong rejection has pushed price back toward the inefficient leg below. After such a one-sided expansion, the market often seeks liquidity and rebalances the displacement before deciding its next direction.
My base case is a deeper pullback toward $0.20. That level is both a psychological price and the nearest meaningful liquidity/rebalancing zone visible on the 4H chart.
This is not confirmed yet. A sustained reclaim above $0.255–$0.265 would invalidate the immediate bearish scenario and suggest continuation. Until then, I see the explosive daily rally as a distribution risk—not a safe breakout to chase.
Would you buy the $0.20 retest, or do you think $LSK has enough momentum to reclaim the high first? 👀
#LSK
From a Wyckoff perspective, the move resembles a late-stage markup entering a potential buying-climax zone. Price expanded aggressively with rising volume, then printed an immediate bearish reaction near the top. That shift suggests demand may be getting absorbed while stronger hands use the excitement to distribute into late buyers.
The SMC picture adds another warning: the high around $0.26 currently looks weak, while the first strong rejection has pushed price back toward the inefficient leg below. After such a one-sided expansion, the market often seeks liquidity and rebalances the displacement before deciding its next direction.
My base case is a deeper pullback toward $0.20. That level is both a psychological price and the nearest meaningful liquidity/rebalancing zone visible on the 4H chart.
This is not confirmed yet. A sustained reclaim above $0.255–$0.265 would invalidate the immediate bearish scenario and suggest continuation. Until then, I see the explosive daily rally as a distribution risk—not a safe breakout to chase.
Would you buy the $0.20 retest, or do you think $LSK has enough momentum to reclaim the high first? 👀
#LSK
