🚨 $LSK PLAYED OUT EXACTLY AS EXPECTED! 📉🔥
Yesterday, we discussed the major candlestick setup on LSK and the trendline that was forming on the chart. The price action followed the expected path almost perfectly. 🎯
First came the small rally toward the $1.00 area, but the breakout failed to sustain momentum. Then came the brutal sell-off! 💥
📉 From around $1.00 → $0.40
That’s roughly an 80% collapse from the discussed peak zone, wiping out a huge amount of market value in a very short move.
Now the big question is: What happens next? 👀
At around $157M market cap, LSK still has significant valuation despite the sharp decline. In my view, further downside remains possible, although short-term relief rallies can happen at any time.
⚠️ Trading levels to watch:
🔻 Resistance: $0.50–$0.60 zone
🟢 Support: $0.40 area
🎯 Downside watch: $0.35 → $0.30
🛑 For shorts: Keep risk tightly controlled and use a clear invalidation level.
The trend remains weak unless buyers can reclaim key resistance with strong volume.
🔥 Big drops can create bounce opportunities—but they can also create another leg down.
Trade the chart, not the emotion. DYOR & manage your risk!
$BNB
$ETH
Yesterday, we discussed the major candlestick setup on LSK and the trendline that was forming on the chart. The price action followed the expected path almost perfectly. 🎯
First came the small rally toward the $1.00 area, but the breakout failed to sustain momentum. Then came the brutal sell-off! 💥
📉 From around $1.00 → $0.40
That’s roughly an 80% collapse from the discussed peak zone, wiping out a huge amount of market value in a very short move.
Now the big question is: What happens next? 👀
At around $157M market cap, LSK still has significant valuation despite the sharp decline. In my view, further downside remains possible, although short-term relief rallies can happen at any time.
⚠️ Trading levels to watch:
🔻 Resistance: $0.50–$0.60 zone
🟢 Support: $0.40 area
🎯 Downside watch: $0.35 → $0.30
🛑 For shorts: Keep risk tightly controlled and use a clear invalidation level.
The trend remains weak unless buyers can reclaim key resistance with strong volume.
🔥 Big drops can create bounce opportunities—but they can also create another leg down.
Trade the chart, not the emotion. DYOR & manage your risk!
$BNB
$ETH
🚀 Strong recovery incoming
31%
⚡ Sideways
13%
🟢 Bounce
44%
🔻 More downside
12%
16 votes • Voting closed