$LSK’s -11.5% dump is a shakeout, not a breakdown.
Price is $0.3894 after an ugly -11.1% 4h move, but volume is only 0.1x the 20d average. That’s not real panic. Low volume.
It’s still above the 20d and 50d MAs, while shorts are paying -0.032% funding. That setup can squeeze harder than people expect ⚡
At $0.40, I’d watch for a clean reclaim and hold. I’m not chasing weakness, but I’m also not calling this dead because $BTC sneezed.
The crowd is too bearish here 🐻
#LSK #CryptoNews
Price is $0.3894 after an ugly -11.1% 4h move, but volume is only 0.1x the 20d average. That’s not real panic. Low volume.
It’s still above the 20d and 50d MAs, while shorts are paying -0.032% funding. That setup can squeeze harder than people expect ⚡
At $0.40, I’d watch for a clean reclaim and hold. I’m not chasing weakness, but I’m also not calling this dead because $BTC sneezed.
The crowd is too bearish here 🐻
#LSK #CryptoNews