$LSK extended: entry only on the retest 🛡️
The price of $LSK is in an extension phase after a strong intraday rally; a defensive strategy recommends waiting for a pullback to validate the support level before considering a new position.
With the 1h RSI at 79 and the 4h RSI at 81, the asset is showing overbought conditions and chase risk. The area of interest is between $0.2225 and $0.2363, near the internal support at $0.2024. A tight stop would be $0.1994, offering a risk/reward ratio of 2.0 for targets at $0.2880 and, if there is a breakout, $0.3180.
As a second area to watch, $RAD has a continuation setup with a retest; entry between $0.2472‑$0.2556, target $0.2910‑$0.3257, and stop at $0.2167, R/R 1.1. Although less attractive than $LSK , it is still worth monitoring.
The global market has seen total capital fall 3.1% over the past 24 hours, with BTC dominance at 59.8% and ETH at 10.5%. The Fear & Greed Index is at 30 (fear), indicating risk aversion. News of a Binance hack reinforces caution, although institutional flows and ETFs could support the majors and improve altcoin beta as macro risk subsides.
Among the sharp moves, INIT fell 19.3% over 24 hours but posted a slight 0.6% gain in the past hour, suggesting bearish exhaustion and the need for confirmation before any trade.
Scenario 1 – Retest confirmed: price returns to the $0.2225‑$0.2363 range, target $0.2880, with risk controlled.
Scenario 2 – Invalidation: a drop below $0.1994 signals weakness and a possible test of $0.1500.
Which level do you consider critical for validating renewed interest in $LSK in this defensive environment?
The price of $LSK is in an extension phase after a strong intraday rally; a defensive strategy recommends waiting for a pullback to validate the support level before considering a new position.
With the 1h RSI at 79 and the 4h RSI at 81, the asset is showing overbought conditions and chase risk. The area of interest is between $0.2225 and $0.2363, near the internal support at $0.2024. A tight stop would be $0.1994, offering a risk/reward ratio of 2.0 for targets at $0.2880 and, if there is a breakout, $0.3180.
As a second area to watch, $RAD has a continuation setup with a retest; entry between $0.2472‑$0.2556, target $0.2910‑$0.3257, and stop at $0.2167, R/R 1.1. Although less attractive than $LSK , it is still worth monitoring.
The global market has seen total capital fall 3.1% over the past 24 hours, with BTC dominance at 59.8% and ETH at 10.5%. The Fear & Greed Index is at 30 (fear), indicating risk aversion. News of a Binance hack reinforces caution, although institutional flows and ETFs could support the majors and improve altcoin beta as macro risk subsides.
Among the sharp moves, INIT fell 19.3% over 24 hours but posted a slight 0.6% gain in the past hour, suggesting bearish exhaustion and the need for confirmation before any trade.
Scenario 1 – Retest confirmed: price returns to the $0.2225‑$0.2363 range, target $0.2880, with risk controlled.
Scenario 2 – Invalidation: a drop below $0.1994 signals weakness and a possible test of $0.1500.
Which level do you consider critical for validating renewed interest in $LSK in this defensive environment?