$LSK is down nearly 8%, and honestly, the chart isn't giving me much reason to turn bullish just yet. 📉
I'm watching a potential SHORT on $LSK, but I don't want to chase the dump after such a sharp move.
Price is trading around $0.1924, sitting below the key moving averages, while MACD remains negative. The selling pressure is also clear in the money flow data, with total sell volume at 12.64M LSK versus 8.49M in buys.
Here's what I'm watching next:
🔴 Resistance: $0.1987–$0.2041
🎯 Key support: $0.1858
If price bounces into resistance and gets rejected, I'll be watching for a possible SHORT entry. A clean break below $0.1858 could open the door to further downside.
But if buyers reclaim the resistance zone, I'll reconsider the setup rather than blindly betting against the market.
For now, I'm leaning bearish on $LSK, but I want confirmation before committing to the trade. 👀
I'm watching a potential SHORT on $LSK, but I don't want to chase the dump after such a sharp move.
Price is trading around $0.1924, sitting below the key moving averages, while MACD remains negative. The selling pressure is also clear in the money flow data, with total sell volume at 12.64M LSK versus 8.49M in buys.
Here's what I'm watching next:
🔴 Resistance: $0.1987–$0.2041
🎯 Key support: $0.1858
If price bounces into resistance and gets rejected, I'll be watching for a possible SHORT entry. A clean break below $0.1858 could open the door to further downside.
But if buyers reclaim the resistance zone, I'll reconsider the setup rather than blindly betting against the market.
For now, I'm leaning bearish on $LSK, but I want confirmation before committing to the trade. 👀