Down 22.2%—if you’re holding LSK, can you sleep tonight?
Hands off for a second—read this first: I’ve checked the numbers: LSK $0.2201, down 22.2% in 24h, trading volume $20 million, volume ratio 5.6, funding rate -0.247%/8h.
Interesting: with the funding rate at -0.247%, shorts are paying to bet on a crash, while longs are holding on and refusing to sell. One side has to be wrong.
The big players’ cost basis has been negative for ages, so they profit no matter how far it falls. Support is at $0.1558; if that breaks, the next level down is $0.143336. Any rebound to resistance at $0.3189 is an exit opportunity. If you’re looking to buy the dip, leave a limit order there—don’t use a market order.
I check the answers at this time every night, without fail. Are you keeping watch?
The above is my personal market observation and does not constitute trading advice. DYOR.
$LSK #LSK #BTC #MarketMoves
Hands off for a second—read this first: I’ve checked the numbers: LSK $0.2201, down 22.2% in 24h, trading volume $20 million, volume ratio 5.6, funding rate -0.247%/8h.
Interesting: with the funding rate at -0.247%, shorts are paying to bet on a crash, while longs are holding on and refusing to sell. One side has to be wrong.
The big players’ cost basis has been negative for ages, so they profit no matter how far it falls. Support is at $0.1558; if that breaks, the next level down is $0.143336. Any rebound to resistance at $0.3189 is an exit opportunity. If you’re looking to buy the dip, leave a limit order there—don’t use a market order.
I check the answers at this time every night, without fail. Are you keeping watch?
The above is my personal market observation and does not constitute trading advice. DYOR.
$LSK #LSK #BTC #MarketMoves