The SKHYNIX strategy I shared earlier has successfully reached its profit target, and the market structure has fully confirmed the analysis. The decisive signal isn’t in the news—it’s on the four-hour chart for $LSK : price is firmly capped by two moving averages, with every rebound pushed back down. Given this structure, it’s hard for me to take a bullish view. The clearest evidence is RSI stuck around 45: sellers remain firmly in control, price hasn’t even reached the neutral line, and momentum hasn’t turned around at all.

The dense cluster of moving averages overhead forms a natural resistance zone. If a rebound reaches that area without an increase in volume, it could be the perfect point for bears to regain momentum. Looking lower, support near the previous low is weak, and a break below it could accelerate the decline. The logic behind this short is simple: the structure is bearish, momentum is bearish, and going with the trend is more comfortable than fighting it.

There is a risk of a rebound, so keep your position size small. Don’t bet your timing on a single call.

🔴 Trade direction: Short
📍 Entry range: 0.178397 – 0.179193
🛑 Stop loss: 0.187078
🎯 Take profit 1: 0.172583
🎯 Take profit 2: 0.168441
🎯 Take profit 3: 0.162228

Behold the vastness of mountains and seas; observe the market’s subtle movements.
Trade alongside Uncle Xiong and witness the gains and losses of the world.

#LSK

Click below to trade 👇