The BZ strategy I shared earlier has now successfully taken profit this round. Don’t let hard evidence throw you off course—the focus is still on high-reward opportunities. $LSK On both the four-hour and one-hour charts, price remains below the EMA 50 and EMA 200. The bearish alignment is still intact, so chasing a bounce offers an unattractive risk-reward ratio in this setup. The four-hour RSI is around 37, while the one-hour RSI hasn’t moved above 45—sellers still have the momentum.
The upper boundary of the current range has been tested repeatedly without being reclaimed, suggesting limited buying support. The bottom of the range could certainly trigger a buying rebound, so I’ll leave some room in my position sizing. But the overall bias remains toward testing lower levels.
🔴 Trade direction: Short
📍 Entry range: 0.202284 – 0.203559
🛑 Stop loss: 0.219109
🎯 Take profit 1: 0.190781
🎯 Take profit 2: 0.182687
🎯 Take profit 3: 0.170546
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the highs and lows.
#LSK
Click below to trade 👇
The upper boundary of the current range has been tested repeatedly without being reclaimed, suggesting limited buying support. The bottom of the range could certainly trigger a buying rebound, so I’ll leave some room in my position sizing. But the overall bias remains toward testing lower levels.
🔴 Trade direction: Short
📍 Entry range: 0.202284 – 0.203559
🛑 Stop loss: 0.219109
🎯 Take profit 1: 0.190781
🎯 Take profit 2: 0.182687
🎯 Take profit 3: 0.170546
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the highs and lows.
#LSK
Click below to trade 👇