This isn't a disagreement—it's easy money talking. $LSK is trading below the EMA50 and EMA200 on the 4-hour chart, and the 1-hour structure shows no signs of turning bullish either. The moving averages are in a textbook bearish alignment. The 15-minute ADX reads 22.5, with sellers dominating the short-term momentum and each rebound coming on weaker volume.
The area around 0.20 above is a previous high-volume zone, where a price bounce is likely to encounter selling pressure. The daily chart is currently range-bound, so this short is a with-the-trend attempt within a broader sideways market; keep position size under control. The key is this: as long as price stays below 0.2087, the bearish structure remains intact, with the first target at the previous low support area.
🔴 Trade direction: Short
📍 Entry range: 0.199064 – 0.199792
🛑 Stop loss: 0.208682
🎯 Take profit 1: 0.192488
🎯 Take profit 2: 0.187861
🎯 Take profit 3: 0.180921
Take in the vastness of mountains and seas; observe the market's finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#LSK
Click below to trade 👇
The area around 0.20 above is a previous high-volume zone, where a price bounce is likely to encounter selling pressure. The daily chart is currently range-bound, so this short is a with-the-trend attempt within a broader sideways market; keep position size under control. The key is this: as long as price stays below 0.2087, the bearish structure remains intact, with the first target at the previous low support area.
🔴 Trade direction: Short
📍 Entry range: 0.199064 – 0.199792
🛑 Stop loss: 0.208682
🎯 Take profit 1: 0.192488
🎯 Take profit 2: 0.187861
🎯 Take profit 3: 0.180921
Take in the vastness of mountains and seas; observe the market's finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#LSK
Click below to trade 👇