$LSK has already made a massive 100%+ move from its previous accumulation zone, and now I’m watching closely for a possible short opportunity.
Price pushed up to around $0.3672 and is currently trading near $0.3515. The bigger resistance/supply area I’m watching is $0.3800–$0.4000.
On the 15M chart, I’m starting to see some signs of weakness. There are repeated upper wicks around the highs, and a possible double-top formation is also developing.
Because of this, I’m not interested in chasing the green candles here.
My short watch zone is $0.3520–$0.3720, but I’ll wait for clear rejection before entering. I don’t want to blindly short a strong move.
For confirmation, I’ll be watching a 15M breakdown below $0.3480.
🎯 TP1: $0.3337
🎯 TP2: $0.2921
❌ Invalidation: $0.4200
Of course, this is just my personal setup and not financial advice.
After a move this aggressive, I think the better trade is not always finding the next green candle.
Sometimes, the real opportunity is finding where the first serious sellers are waiting. 👀📉
#LSK #Crypto #Binance #Trading #Altcoins
Price pushed up to around $0.3672 and is currently trading near $0.3515. The bigger resistance/supply area I’m watching is $0.3800–$0.4000.
On the 15M chart, I’m starting to see some signs of weakness. There are repeated upper wicks around the highs, and a possible double-top formation is also developing.
Because of this, I’m not interested in chasing the green candles here.
My short watch zone is $0.3520–$0.3720, but I’ll wait for clear rejection before entering. I don’t want to blindly short a strong move.
For confirmation, I’ll be watching a 15M breakdown below $0.3480.
🎯 TP1: $0.3337
🎯 TP2: $0.2921
❌ Invalidation: $0.4200
Of course, this is just my personal setup and not financial advice.
After a move this aggressive, I think the better trade is not always finding the next green candle.
Sometimes, the real opportunity is finding where the first serious sellers are waiting. 👀📉
#LSK #Crypto #Binance #Trading #Altcoins