Momentum is picking up, and I think $LSK is a spot where it’s worth taking a closer look at short opportunities. On the 1-hour chart, the price has remained below both moving averages, with a clear bearish alignment. The short-term trend is pointing down. The 15-minute volume indicator shows sellers in control—not just a low-volume drift downward, but genuine selling pressure.
The 4-hour RSI is also weak, and momentum hasn’t turned around. What we need to watch is the pullback zone above. As long as the price can’t break through it, the structure remains bearish. However, the broader daily trend is still upward, so this is a countertrend trade. Don’t take on too large a position, and be sure to set a stop-loss. For now, consider taking profits in stages at the targets below.
🔴 Trade direction: Short
📍 Entry range: 0.255178 – 0.256299
🛑 Stop-loss: 0.269558
🎯 Take profit 1: 0.245373
🎯 Take profit 2: 0.238464
🎯 Take profit 3: 0.228100
Still waters run deep, and foresight reaches far; remain composed through the market’s ups and downs.
Join Sister Fei and navigate the tides of wealth.
#LSK
Click below to trade 👇
The 4-hour RSI is also weak, and momentum hasn’t turned around. What we need to watch is the pullback zone above. As long as the price can’t break through it, the structure remains bearish. However, the broader daily trend is still upward, so this is a countertrend trade. Don’t take on too large a position, and be sure to set a stop-loss. For now, consider taking profits in stages at the targets below.
🔴 Trade direction: Short
📍 Entry range: 0.255178 – 0.256299
🛑 Stop-loss: 0.269558
🎯 Take profit 1: 0.245373
🎯 Take profit 2: 0.238464
🎯 Take profit 3: 0.228100
Still waters run deep, and foresight reaches far; remain composed through the market’s ups and downs.
Join Sister Fei and navigate the tides of wealth.
#LSK
Click below to trade 👇