The SNDK setup I shared earlier played out as expected, and we captured this move steadily. Signs of a shift are emerging: the market structure at $LSK is flashing a reversal signal. On the four-hour chart, price is below both the EMA50 and EMA200, and the bearish moving-average alignment remains intact. The one-hour chart shows the same picture. This decline isn’t an emotional sell-off—it’s the trend continuing. The 15-minute ADX reading is elevated, sellers are still in control, and each rebound is weaker than the last.
Here’s what I’m watching: price is some distance from the one-hour moving averages, so a short-term bounce is possible. But that bounce would simply be a normal retracement within a bearish structure; it wouldn’t change the direction. As long as key levels aren’t decisively reclaimed, there’s still room to move lower. At this point, I’d rather follow the trend than try to catch a rebound.
🔴 Trade direction: Short
📍 Entry range: 0.203789 – 0.204749
🛑 Stop loss: 0.214389
🎯 Take profit 1: 0.196679
🎯 Take profit 2: 0.191619
🎯 Take profit 3: 0.184029
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk with Uncle Xiong, and witness the ebb and flow of gains and losses.
#LSK
Click below to trade 👇
Here’s what I’m watching: price is some distance from the one-hour moving averages, so a short-term bounce is possible. But that bounce would simply be a normal retracement within a bearish structure; it wouldn’t change the direction. As long as key levels aren’t decisively reclaimed, there’s still room to move lower. At this point, I’d rather follow the trend than try to catch a rebound.
🔴 Trade direction: Short
📍 Entry range: 0.203789 – 0.204749
🛑 Stop loss: 0.214389
🎯 Take profit 1: 0.196679
🎯 Take profit 2: 0.191619
🎯 Take profit 3: 0.184029
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk with Uncle Xiong, and witness the ebb and flow of gains and losses.
#LSK
Click below to trade 👇