September 15 Contract Strategy $LSK
Direction: Short
Position range: 0.38 - 0.41
Add to position: 0.46 - 0.51
Take-profit: First target 0.335, second target 0.3
Entry rationale: LSK’s sharp surge this round is driven by a short squeeze—shorts getting liquidated. In the past 24 hours, short liquidations totaled $33.68 million, far exceeding long liquidations of $7.44 million. This is a passive covering rebound rather than genuine buy-side demand. Some exchanges have already suspended LSK trading and DCA services; liquidity continues to deteriorate. The chain will be shut down on October 31; bridging requires 8 days plus 3 days for release/unstaking. The practical migration deadline is already around September 20. There is a strong incentive for early profit-takers to exit in a concentrated manner. Technically, at the 1-hour timeframe, the short-term order structure is fully bearish. The rebound is clearly suppressed by the EMA7. The 0.46 - 0.51 zone above has heavy trapped positions, so rebounds from higher levels should dominate.
Click below to start trading👇👇$LSK
#FedRateWatch #BitcoinReboundsTo$79K
Direction: Short
Position range: 0.38 - 0.41
Add to position: 0.46 - 0.51
Take-profit: First target 0.335, second target 0.3
Entry rationale: LSK’s sharp surge this round is driven by a short squeeze—shorts getting liquidated. In the past 24 hours, short liquidations totaled $33.68 million, far exceeding long liquidations of $7.44 million. This is a passive covering rebound rather than genuine buy-side demand. Some exchanges have already suspended LSK trading and DCA services; liquidity continues to deteriorate. The chain will be shut down on October 31; bridging requires 8 days plus 3 days for release/unstaking. The practical migration deadline is already around September 20. There is a strong incentive for early profit-takers to exit in a concentrated manner. Technically, at the 1-hour timeframe, the short-term order structure is fully bearish. The rebound is clearly suppressed by the EMA7. The 0.46 - 0.51 zone above has heavy trapped positions, so rebounds from higher levels should dominate.
Click below to start trading👇👇$LSK
#FedRateWatch #BitcoinReboundsTo$79K