$LSK ran +17% and this is what the structure shows right now 👇
A 27% surge in 43 hours put it up 17% on the day, so I took a closer look at the structure.
The break above 0.209 was tiny (4.3%) and LSK got rejected from 0.21807 straight away. That's not strength, that's buyers running out of steam.
The spot I care about is 0.19452. That's where the last dip bottomed (it retraced 39% of the move) $LSK and nobody's been back since. I'd expect price to go and check it. If it closes above 0.21807 though, I'm wrong.
📌 My LSK trade: short from 0.21628, stop at 0.22716, target 0.19452 (+10.1%, 1:2)
📊 24h Vol: $83.3M | 24h Chg: +16.7% | Funding: -0.7408%
Am I wrong? Tell me why below 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#LSK #Crypto #Trade
A 27% surge in 43 hours put it up 17% on the day, so I took a closer look at the structure.
The break above 0.209 was tiny (4.3%) and LSK got rejected from 0.21807 straight away. That's not strength, that's buyers running out of steam.
The spot I care about is 0.19452. That's where the last dip bottomed (it retraced 39% of the move) $LSK and nobody's been back since. I'd expect price to go and check it. If it closes above 0.21807 though, I'm wrong.
📌 My LSK trade: short from 0.21628, stop at 0.22716, target 0.19452 (+10.1%, 1:2)
📊 24h Vol: $83.3M | 24h Chg: +16.7% | Funding: -0.7408%
Am I wrong? Tell me why below 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#LSK #Crypto #Trade
