LSK put in a +39.8% day on $33M volume, now testing the 24h high at 0.530.
Technically, it's back above the EMA20 and EMA50. But the 7-day high is 2.00. This entire green candle is just noise inside the prior range.
The desk sees this as a relief bounce, not a reversal. It's a move to sell into until proven otherwise.
Are we wrong? Is this the real bottom?
$LSK
New reads post through the day. Follow so you don't miss the next one.
Technically, it's back above the EMA20 and EMA50. But the 7-day high is 2.00. This entire green candle is just noise inside the prior range.
The desk sees this as a relief bounce, not a reversal. It's a move to sell into until proven otherwise.
Are we wrong? Is this the real bottom?
$LSK
New reads post through the day. Follow so you don't miss the next one.
