Stay calm and assess the price action; accumulation signals are more reliable. $LSK On the 4-hour chart, the price is pinned below both moving averages. The bearish alignment remains intact, and the bounce looks more like an opportunity to enter short positions. The 1-hour structure is weakening in tandem, with the RSI holding in bearish territory and sellers still in control of momentum.
Price has repeatedly tested the zone above but failed to hold there, suggesting limited buying support. At this point, I’d rather follow the trend and look for a pullback than try to pick a bottom. Keep positions light, and don’t rush to change your view until the structure turns.
🔴 Trade direction: Short
📍 Entry range: 0.234594 – 0.235542
🛑 Stop loss: 0.246159
🎯 Take profit 1: 0.226750
🎯 Take profit 2: 0.221204
🎯 Take profit 3: 0.212885
There’s no need to chase the prevailing trend; it will come to a stop in its own time.
Stand alongside Sister Li, and let every moment leave an echo.
#LSK
Click below to trade 👇
Price has repeatedly tested the zone above but failed to hold there, suggesting limited buying support. At this point, I’d rather follow the trend and look for a pullback than try to pick a bottom. Keep positions light, and don’t rush to change your view until the structure turns.
🔴 Trade direction: Short
📍 Entry range: 0.234594 – 0.235542
🛑 Stop loss: 0.246159
🎯 Take profit 1: 0.226750
🎯 Take profit 2: 0.221204
🎯 Take profit 3: 0.212885
There’s no need to chase the prevailing trend; it will come to a stop in its own time.
Stand alongside Sister Li, and let every moment leave an echo.
#LSK
Click below to trade 👇