Update: My SHORT setup on LSKUSDT hit TP3 đŻ. Price moved +8.22% from entry in about 6h 31m. Always manage your risk. Past results are not a guarantee of future outcomes. Stay safe đ.
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Baissier
Is LSK already overextended lower on the 1h chart?
đŽ SHORT $LSK /USDT: expecting price to go DOWN Bias: SHORT · Leaning
Entry: 0.247252 â 0.248128 TP1: 0.240050 (-3.1%) TP2: 0.234957 (-5.1%) TP3: 0.227318 (-8.2%) SL: 0.257876 (+4.1%) Plan: enter only inside the zone, take half at TP1, then move the stop to entry. Note: moderate conviction only, keep size light.
Why SHORT? Leaning call, 6/12 signals agree, 1 against, 5 undecided. âą 1h trend: price < EMA50 < EMA200, bearish stack â the short-term trend is down âą Trend strength (ADX/DI, 15m): ADX 30.7 with sellers in control (DI+ 10.1 vs DIâ 28.2) â sellers are driving the move âą 4h RSI: 34.4, bearish momentum (below 45) â sellers have the momentum Risk: Distance from 1h EMA50: â3.6 ATR from the 1h EMA50, overextended with bounce risk â price fell far below its average, a bounce is likely
The short version: 1/3 The 1h trend is down with price below stacked EMAs. 2/3 The 1h RSI is 27, indicating sellers are driving momentum. 3/3 A bounce toward the 1h EMA50 would invalidate this short.
Where are you taking profit if this short works, and does that level still hold?
Levels mapped on the chart below.
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â ïž Personal market analysis only. NFA â manage risk and DYOR. Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.