๐ $LSK | Technical Analysis
๐ข Current Trend: Bullish (in a temporary correction phase)
๐ฐ Current Price: 0.69463$
๐ Potential Trade: LONG (after the correction ends)
๐ฏ First Entry Zone (Breakout): 0.70500 โ 0.71000$ (with candle stability)
๐ฏ Second Entry Zone (Bounce from Support): 0.59700 โ 0.61000$
๐ Stop Loss: 0.58000$
โ First Target: 0.77400$
โ Second Target: 0.86600$
โ Third Target: 0.95000$
๐ Analysis:
The asset achieved a price breakout of +79% and is currently trading in a consolidation/re-accumulation phase after touching the 0.86660 peak. The price is stabilizing below the EMA 7 line (0.70476$) to cool down, while the EMA 25 line (0.59733$) acts as a strong steel-like support wall, and the EMA 99 (0.50863$) continues to confirm the overall bullish trend. The RSI is declining to 53.35 to relieve the overbought condition and return to the neutral zone.
โ ๏ธ Recommendation: It is not advised to enter randomly at the current price; wait either for a breakout and a candle close above 0.7050$ to regain bullish momentum, or for the price to drop and test the strong support area at the moving average (EMA 25) for a bounce from it to avoid sliding deeper into the correction.
#LSK #LSKUSDT #Binance #Crypto #ุชุญููู_ููู๐ y #LONG
๐ข Current Trend: Bullish (in a temporary correction phase)
๐ฐ Current Price: 0.69463$
๐ Potential Trade: LONG (after the correction ends)
๐ฏ First Entry Zone (Breakout): 0.70500 โ 0.71000$ (with candle stability)
๐ฏ Second Entry Zone (Bounce from Support): 0.59700 โ 0.61000$
๐ Stop Loss: 0.58000$
โ First Target: 0.77400$
โ Second Target: 0.86600$
โ Third Target: 0.95000$
๐ Analysis:
The asset achieved a price breakout of +79% and is currently trading in a consolidation/re-accumulation phase after touching the 0.86660 peak. The price is stabilizing below the EMA 7 line (0.70476$) to cool down, while the EMA 25 line (0.59733$) acts as a strong steel-like support wall, and the EMA 99 (0.50863$) continues to confirm the overall bullish trend. The RSI is declining to 53.35 to relieve the overbought condition and return to the neutral zone.
โ ๏ธ Recommendation: It is not advised to enter randomly at the current price; wait either for a breakout and a candle close above 0.7050$ to regain bullish momentum, or for the price to drop and test the strong support area at the moving average (EMA 25) for a bounce from it to avoid sliding deeper into the correction.
#LSK #LSKUSDT #Binance #Crypto #ุชุญููู_ููู๐ y #LONG