🚨$LSK Just wen parabolic with +432% Gain
But what happens after this Massive Pump?
LSK has exploded over the last few hours, moving from around $0.20 to above $1.30 before pulling back toward $1.09. That is an enormous move in a very short period, and the current chart is showing the first serious signs of hesitation after the pump.
The biggest thing I’m watching is the huge wick near $2.37. Price reached that level but was rejected aggressively, showing that sellers are already active at higher prices. After such a vertical move, chasing the price here becomes extremely risky because even a normal pullback can be very sharp. The current area around $1.05 to $1.10 is important. If buyers defend this zone and volume returns, LSK could attempt another push toward $1.30 and potentially retest the higher resistance levels.
However, if $1.05 breaks with strong selling pressure, the momentum could quickly shift toward a deeper correction. The previous breakout areas around $0.80 and $0.70 could then become important support zones.
For me, this is no longer about chasing the green candles. I would rather wait for confirmation and see whether LSK can hold the current structure before expecting another major move.
#Lsk #LSKUSDT #technicalanalysis
But what happens after this Massive Pump?
LSK has exploded over the last few hours, moving from around $0.20 to above $1.30 before pulling back toward $1.09. That is an enormous move in a very short period, and the current chart is showing the first serious signs of hesitation after the pump.
The biggest thing I’m watching is the huge wick near $2.37. Price reached that level but was rejected aggressively, showing that sellers are already active at higher prices. After such a vertical move, chasing the price here becomes extremely risky because even a normal pullback can be very sharp. The current area around $1.05 to $1.10 is important. If buyers defend this zone and volume returns, LSK could attempt another push toward $1.30 and potentially retest the higher resistance levels.
However, if $1.05 breaks with strong selling pressure, the momentum could quickly shift toward a deeper correction. The previous breakout areas around $0.80 and $0.70 could then become important support zones.
For me, this is no longer about chasing the green candles. I would rather wait for confirmation and see whether LSK can hold the current structure before expecting another major move.
#Lsk #LSKUSDT #technicalanalysis
