🔥 Short squeeze to $31M: how $LSK blew up by +900% and what to do next? 👀
$LSK surged to $2.00 for a reason — it was a classic Short Squeeze, fueled by $31M+ of short liquidations and the burning of 25% of the entire supply (100M coins) before the network stopped on October 31.
Now the price has fallen to $0.82, and RSI(6) is cooling down after abnormal 99.7. A speculative token shortage caused by lifting the lockup from staking is still keeping tension in the market, but entering the market is an enormous risk.
🎯 Entry (on a pullback): $0.55 – $0.62 | Take 1: $1.20 | Take 2: $1.65 | Stop: $0.42
#LSK #lisk #crypto #trading #BinanceSquare
$LSK surged to $2.00 for a reason — it was a classic Short Squeeze, fueled by $31M+ of short liquidations and the burning of 25% of the entire supply (100M coins) before the network stopped on October 31.
Now the price has fallen to $0.82, and RSI(6) is cooling down after abnormal 99.7. A speculative token shortage caused by lifting the lockup from staking is still keeping tension in the market, but entering the market is an enormous risk.
🎯 Entry (on a pullback): $0.55 – $0.62 | Take 1: $1.20 | Take 2: $1.65 | Stop: $0.42
#LSK #lisk #crypto #trading #BinanceSquare
