Short-sell at highs (follow the trend). The bigger trend is still bearish—don’t easily go against the trend to bottom-fish for long positions.
2. Entry price: If there’s a rebound on the short term, watch the overhead resistance area 0.50–0.55 (MA25 and the prior dense trading zone). If the rebound reaches this area and fails to break through effectively, that’s a relatively good spot to enter a short.
3. Downside support: Watch 0.45 and the vicinity of the 24-hour low at 0.3715. If price breaks below 0.45, it may probe further downward.
📉 1-hour timeframe (major trend): clearly bearish
· Price action: As shown on the chart, LSK experienced an extreme spike (with a high touching 2.37050), then formed a long-term downtrend with continuously lower highs (2.37 → 0.86 → 0.65).
· Moving average system: Current price (0.487) is far below MA7 (0.554), MA25 (0.591), and MA99 (0.616). The moving averages are in a clear bearish alignment (short-term MAs are below long-term MAs and diverging downward), which is a typical downtrend characteristic.
· MACD: DIF (0.00526) has already crossed below DEA (0.03679) to form a dead cross, and the MACD histogram is turning green below the zero line (-0.03153), indicating that the bearish momentum in the medium term is still dominant.
📈 15-minute timeframe (short-term trend): oversold consolidation, with signs of a rebound
· Massive 24-hour drop: The intraday drop is -34.21%, and the 24-hour low touched 0.37151. After such a sharp selloff, short-term indicators tend to become dulled.
· Moving average system: Price is currently around 0.487. Although it’s still capped below MA25 (0.552) and MA99 (0.585), it has already moved above the MA7 area (around 0.499), suggesting the short term is trying to stabilize.
· MACD: Both DIF and DEA are below the zero line, but the MACD histogram (red bars) is gradually expanding; DIF (-0.04175) shows signs of crossing upward above DEA (-0.04555) (an upside cross beneath the waterline). This suggests the short-term bearish force is weakening, and capital is attempting to buy the dip—potentially bringing a rebound at the 15-minute level.$BTC $LSK $ETH
2. Entry price: If there’s a rebound on the short term, watch the overhead resistance area 0.50–0.55 (MA25 and the prior dense trading zone). If the rebound reaches this area and fails to break through effectively, that’s a relatively good spot to enter a short.
3. Downside support: Watch 0.45 and the vicinity of the 24-hour low at 0.3715. If price breaks below 0.45, it may probe further downward.
📉 1-hour timeframe (major trend): clearly bearish
· Price action: As shown on the chart, LSK experienced an extreme spike (with a high touching 2.37050), then formed a long-term downtrend with continuously lower highs (2.37 → 0.86 → 0.65).
· Moving average system: Current price (0.487) is far below MA7 (0.554), MA25 (0.591), and MA99 (0.616). The moving averages are in a clear bearish alignment (short-term MAs are below long-term MAs and diverging downward), which is a typical downtrend characteristic.
· MACD: DIF (0.00526) has already crossed below DEA (0.03679) to form a dead cross, and the MACD histogram is turning green below the zero line (-0.03153), indicating that the bearish momentum in the medium term is still dominant.
📈 15-minute timeframe (short-term trend): oversold consolidation, with signs of a rebound
· Massive 24-hour drop: The intraday drop is -34.21%, and the 24-hour low touched 0.37151. After such a sharp selloff, short-term indicators tend to become dulled.
· Moving average system: Price is currently around 0.487. Although it’s still capped below MA25 (0.552) and MA99 (0.585), it has already moved above the MA7 area (around 0.499), suggesting the short term is trying to stabilize.
· MACD: Both DIF and DEA are below the zero line, but the MACD histogram (red bars) is gradually expanding; DIF (-0.04175) shows signs of crossing upward above DEA (-0.04555) (an upside cross beneath the waterline). This suggests the short-term bearish force is weakening, and capital is attempting to buy the dip—potentially bringing a rebound at the 15-minute level.$BTC $LSK $ETH
