Everyone, $LSK closed at 0.20678 today.
Honestly, my first thought was that the data had gotten mixed up. I checked it twice before I believed it.
Up 26.064% over 24 hours, while BTC was down 0.238%, ETH down 1.971%, and SOL down 2.282% over the same period.
The three major coins were barely moving, while this one was climbing on its own.
It’s a small market, with 67.02 million USDT in trading volume. Its daily ATR14 is 10.581%—that kind of volatility can stop you out three times in a day.
Looking back, it closed at 0.15771 four days ago. The next day, it jumped straight from 0.16423 to 0.20513. Yesterday’s daily candle hit a high of 0.21575 and a low of 0.16277.
That’s a 32.5% range from low to high. To me, it looks like someone bought up the entire range in one go.
The 20-day range is 0.15555 to 0.24583. The current price sits at the 56.7th percentile—not high or low, right in the middle.
While the majors move sideways, this one is running on its own. Is this a rotation of funds, or has a single source of capital stepped in? By my assessment, this is a level worth keeping an eye on.
Whether there are buyers to absorb the supply overhead will determine if it keeps going or just prints a door-shaped pattern and goes nowhere. If liquidity can’t keep up, those gains will be given back.
What do you all think? Let’s discuss in the comments.
$BTC $ETH
#LSK #比特币 #Cryptocurrency
The above reflects my personal trading-system notes and observations of the data, and does not constitute investment advice.
Honestly, my first thought was that the data had gotten mixed up. I checked it twice before I believed it.
Up 26.064% over 24 hours, while BTC was down 0.238%, ETH down 1.971%, and SOL down 2.282% over the same period.
The three major coins were barely moving, while this one was climbing on its own.
It’s a small market, with 67.02 million USDT in trading volume. Its daily ATR14 is 10.581%—that kind of volatility can stop you out three times in a day.
Looking back, it closed at 0.15771 four days ago. The next day, it jumped straight from 0.16423 to 0.20513. Yesterday’s daily candle hit a high of 0.21575 and a low of 0.16277.
That’s a 32.5% range from low to high. To me, it looks like someone bought up the entire range in one go.
The 20-day range is 0.15555 to 0.24583. The current price sits at the 56.7th percentile—not high or low, right in the middle.
While the majors move sideways, this one is running on its own. Is this a rotation of funds, or has a single source of capital stepped in? By my assessment, this is a level worth keeping an eye on.
Whether there are buyers to absorb the supply overhead will determine if it keeps going or just prints a door-shaped pattern and goes nowhere. If liquidity can’t keep up, those gains will be given back.
What do you all think? Let’s discuss in the comments.
$BTC $ETH
#LSK #比特币 #Cryptocurrency
The above reflects my personal trading-system notes and observations of the data, and does not constitute investment advice.
