Stay calm and watch for traps; volume signals are more reliable. I have a feeling this rebound at $LSK is a bit weak. On the 4-hour chart, the price has remained below the moving averages, with the EMA50 and EMA200 stacked and heading down— the trend is clearly bearish. Just look at the volume: there’s little volume behind the rebound, which shows buyers aren’t stepping in.
The band of moving averages above is resistance. As long as the price can’t climb back above it, further downside is more likely. Don’t rush to buy the dip; it’s safer to follow the bearish structure and keep your position size under control.
🔴 Trade direction: Short
📍 Entry range: 0.185489 – 0.186213
🛑 Stop loss: 0.196286
🎯 Take profit 1: 0.178025
🎯 Take profit 2: 0.172807
🎯 Take profit 3: 0.164981
There’s no need to chase the next big thing; the right opportunity will come along.
Stand alongside Sister Li, and let every moment leave its mark.
#LSK
Tap below to trade 👇
The band of moving averages above is resistance. As long as the price can’t climb back above it, further downside is more likely. Don’t rush to buy the dip; it’s safer to follow the bearish structure and keep your position size under control.
🔴 Trade direction: Short
📍 Entry range: 0.185489 – 0.186213
🛑 Stop loss: 0.196286
🎯 Take profit 1: 0.178025
🎯 Take profit 2: 0.172807
🎯 Take profit 3: 0.164981
There’s no need to chase the next big thing; the right opportunity will come along.
Stand alongside Sister Li, and let every moment leave its mark.
#LSK
Tap below to trade 👇