Don't let the divergence throw you off—the main move is still to come. On the 4-hour chart for $LSK , the moving averages are bearishly aligned, with price capped below the EMA50 and the EMA200 looming overhead. The swing structure is clearly pointing down. This bearish moving-average setup won't reverse overnight, and any rebound looks more like an opportunity for bears to step in.
Volume shows no signs of a strong pickup in buying at the bottom, suggesting there may be more room to fall. After losing a key level, the rebound has been weak, and the structure supports further downside. A rebound is certainly possible, but as long as price stays below the moving averages, the bearish outlook remains unchanged.
🔴 Trade direction: Short
📍 Entry range: 0.160386 – 0.161149
🛑 Stop loss: 0.170498
🎯 Take profit 1: 0.153469
🎯 Take profit 2: 0.148604
🎯 Take profit 3: 0.141306
Take in the vastness of mountains and seas; observe the market's finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#LSK
Click below to trade 👇
Volume shows no signs of a strong pickup in buying at the bottom, suggesting there may be more room to fall. After losing a key level, the rebound has been weak, and the structure supports further downside. A rebound is certainly possible, but as long as price stays below the moving averages, the bearish outlook remains unchanged.
🔴 Trade direction: Short
📍 Entry range: 0.160386 – 0.161149
🛑 Stop loss: 0.170498
🎯 Take profit 1: 0.153469
🎯 Take profit 2: 0.148604
🎯 Take profit 3: 0.141306
Take in the vastness of mountains and seas; observe the market's finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#LSK
Click below to trade 👇