$LSK is up 8.0% in 24 hours: It hasn’t broken out yet—patience matters more than direction
If the pullback holds, the short-term bias remains bullish. The close is still above the moving average. Although the price has retreated somewhat, it hasn’t given back all of its strength. The focus here isn’t on how much higher it can go, but on whether it can hold near support after pulling back. Don’t let the gains tempt you into chasing.
If it can’t hold, drop the bullish view. In particular, if it falls back below the moving average and can’t recover, set this opportunity aside for now. Next, watch where it closes after the pullback.
My plan has just two steps:
① Don’t rush in. Wait for a 15-minute close above 0.21894; it only counts as a genuine breakout if the price holds on a pullback. The breakout also needs to come with a clear increase in volume, with a volume ratio of at least 1.2.
② Once it holds above that level, watch 0.235817. Cut your losses below 0.210501—don’t get attached.
#ShortTermWatch
If the pullback holds, the short-term bias remains bullish. The close is still above the moving average. Although the price has retreated somewhat, it hasn’t given back all of its strength. The focus here isn’t on how much higher it can go, but on whether it can hold near support after pulling back. Don’t let the gains tempt you into chasing.
If it can’t hold, drop the bullish view. In particular, if it falls back below the moving average and can’t recover, set this opportunity aside for now. Next, watch where it closes after the pullback.
My plan has just two steps:
① Don’t rush in. Wait for a 15-minute close above 0.21894; it only counts as a genuine breakout if the price holds on a pullback. The breakout also needs to come with a clear increase in volume, with a volume ratio of at least 1.2.
② Once it holds above that level, watch 0.235817. Cut your losses below 0.210501—don’t get attached.
#ShortTermWatch