⚠️ $LSK SHORT-SQUEEZE WARNING
LSK has experienced an extreme short squeeze, with nearly $36M in short positions liquidated as price surged more than 20x and broke above $2.
This kind of vertical move can create a dangerous FOMO trap. In my view, the current pump may be driven heavily by liquidations and short covering rather than sustainable demand.
⚠️ HIGH RISK: This could be a liquidity trap designed to force shorts out before the price eventually retraces toward its previous/original trading range.
I would NOT chase the pump at these levels.
LONG SETUP — HIGH RISK
Entry: $1.35–$1.40
SL: $1.26
TP1: $1.60
TP2: $2.00
TP3: $3.00
TP4: $4.00
⚠️ Important: A move to $3–$4 is possible during an extreme squeeze, but the larger thesis is that this parabolic move can eventually unwind violently. Do not use excessive leverage.
Trade the setup, not the FOMO.