The previous ETH strategy setup played out, and profits are already locked in. What looks like accumulation often hides a trap. This rebound at $LSK has stalled just below the short-term moving average, and the structure hasn’t shifted. On the one-hour chart, price is below both the EMA50 and EMA200, with the moving averages bearishly aligned. This rebound is a weak recovery, not a trend reversal. The four-hour RSI is around 39, and momentum still favors sellers.
It has also continued to underperform Bitcoin, so there’s little reason for buyers to step in here. The dense trading zone overhead is resistance; if price can’t break through, that gives bears an opportunity. If volume follows a break below the previous low, there’s room for further downside. I’m watching for price to meet resistance near the resistance zone.
🔴 Trade direction: Short
📍 Entry range: 0.234153 – 0.235279
🛑 Stop-loss: 0.246021
🎯 Take-profit 1: 0.226237
🎯 Take-profit 2: 0.220585
🎯 Take-profit 3: 0.212107
No need to chase the trend—the tide will turn in its own time.
Stand alongside Sister Li, and let every moment resonate.
#LSK
Tap below to trade 👇
It has also continued to underperform Bitcoin, so there’s little reason for buyers to step in here. The dense trading zone overhead is resistance; if price can’t break through, that gives bears an opportunity. If volume follows a break below the previous low, there’s room for further downside. I’m watching for price to meet resistance near the resistance zone.
🔴 Trade direction: Short
📍 Entry range: 0.234153 – 0.235279
🛑 Stop-loss: 0.246021
🎯 Take-profit 1: 0.226237
🎯 Take-profit 2: 0.220585
🎯 Take-profit 3: 0.212107
No need to chase the trend—the tide will turn in its own time.
Stand alongside Sister Li, and let every moment resonate.
#LSK
Tap below to trade 👇