$LSK just ripped 1,023% in 30 days. Now everyone's asking: is an 80% dump incoming?
Here's the reality check:
$LSK bled 99.39% from its $11.50 ATH over multiple years. Classic multi-year downtrend. Then it bottomed at $0.07 and went parabolic.
But here's the problem: chasing a 1,000%+ move in one month is how you become a bagholder. FOMO is not a strategy.
Expecting a 50-80% retracement once this cools off. That's not bearish, that's how parabolic moves work. If you want in, wait for structure.
Key levels:
Resistance: $1.42 / $2.69 / $4.83
Accumulation zone if it retraces: $0.14-$0.10
The old support at $0.73-$0.95 is now resistance. Watch it.
Bottom line: Let this settle. A proper retrace beats chasing tops every time. Patience is a position.
What's your take? Continuation or correction?
NFA. DYOR.
Here's the reality check:
$LSK bled 99.39% from its $11.50 ATH over multiple years. Classic multi-year downtrend. Then it bottomed at $0.07 and went parabolic.
But here's the problem: chasing a 1,000%+ move in one month is how you become a bagholder. FOMO is not a strategy.
Expecting a 50-80% retracement once this cools off. That's not bearish, that's how parabolic moves work. If you want in, wait for structure.
Key levels:
Resistance: $1.42 / $2.69 / $4.83
Accumulation zone if it retraces: $0.14-$0.10
The old support at $0.73-$0.95 is now resistance. Watch it.
Bottom line: Let this settle. A proper retrace beats chasing tops every time. Patience is a position.
What's your take? Continuation or correction?
NFA. DYOR.
