The decisive signal is here: $LSK the four-hour and one-hour moving averages are both above the price, and the bearish alignment remains intact. In this structure, any rebound simply creates room to enter short positions. The price is tracking below the moving averages, and there has been no sustained increase in volume to support a rebound, which suggests buyers have yet to step in decisively. The cluster of moving averages overhead forms resistance. I’m more inclined to view a rebound toward that area as an opportunity for sellers to regain momentum, rather than a trend reversal.
Once downside room opens up, the previous low area is the first target to watch. In terms of timing, taking profits in stages is safer than holding on stubbornly. Looking at it calmly, the trend direction hasn’t changed, so I’m maintaining a bearish bias.
🔴 Trade direction: Short
📍 Entry range: 0.153188 – 0.153666
🛑 Stop-loss: 0.159337
🎯 Take profit 1: 0.148994
🎯 Take profit 2: 0.146039
🎯 Take profit 3: 0.141606
Gaze upon 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 👇
Once downside room opens up, the previous low area is the first target to watch. In terms of timing, taking profits in stages is safer than holding on stubbornly. Looking at it calmly, the trend direction hasn’t changed, so I’m maintaining a bearish bias.
🔴 Trade direction: Short
📍 Entry range: 0.153188 – 0.153666
🛑 Stop-loss: 0.159337
🎯 Take profit 1: 0.148994
🎯 Take profit 2: 0.146039
🎯 Take profit 3: 0.141606
Gaze upon 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 👇