The ETH strategy I shared earlier already took profit in the previous move. The undercurrent is still flowing beneath the surface. $LSK This move looks like a reversal, but it’s actually just a breather within a bearish structure. Take a look at the one-hour chart: the price has never climbed back above those two moving averages. They’re pressing down on the price, which shows that sellers still have the short-term upper hand. Momentum on the four-hour chart is also weak, with no sign of increased buying volume.
It’s still underperforming Bitcoin, and in situations like this, I usually don’t try to call a bottom. The high-volume area above is the resistance. If the price rebounds there but can’t break through, and volume also dwindles, that’s a signal for me to watch for a short opportunity. We trade structure, not emotions. Keep your position size modest, so it’s easier to turn around if you’re wrong.
🔴 Trade direction: Short
📍 Entry range: 0.234209 – 0.235336
🛑 Stop loss: 0.246080
🎯 Take profit 1: 0.226292
🎯 Take profit 2: 0.220638
🎯 Take profit 3: 0.212157
Still waters run deep, concealing far-sighted wisdom; remain composed through the market’s ups and downs.
Stand with Sister Fei and stay attuned to the tides of wealth.
#LSK
Click below to trade 👇
It’s still underperforming Bitcoin, and in situations like this, I usually don’t try to call a bottom. The high-volume area above is the resistance. If the price rebounds there but can’t break through, and volume also dwindles, that’s a signal for me to watch for a short opportunity. We trade structure, not emotions. Keep your position size modest, so it’s easier to turn around if you’re wrong.
🔴 Trade direction: Short
📍 Entry range: 0.234209 – 0.235336
🛑 Stop loss: 0.246080
🎯 Take profit 1: 0.226292
🎯 Take profit 2: 0.220638
🎯 Take profit 3: 0.212157
Still waters run deep, concealing far-sighted wisdom; remain composed through the market’s ups and downs.
Stand with Sister Fei and stay attuned to the tides of wealth.
#LSK
Click below to trade 👇