$LSK Ascending Channel Strength: Bulls Eye the Next Breakout
LONG SETUP
Entry Zone: 0.1950 – 0.2020
Stop Loss: 0.1740
TP1: 0.2236
TP2: 0.2438
TP3: 0.2632
Technical Analysis
LSK is developing a promising recovery structure after finding support near 0.1558. The chart shows an ascending parallel channel with a sequence of higher lows, indicating improving buying interest.
A strong impulsive move recently pushed price toward 0.2236 before a sharp pullback. Buyers have since stepped back in, bringing LSK toward 0.2032.
The 0.1950–0.2020 region is now an important retest area. Holding this zone could support another attempt toward 0.2236. A convincing breakout above that resistance may create room for 0.2438 and eventually 0.2632.
Preferred Entry: Wait for a controlled pullback into the marked zone and bullish confirmation.
Confirmation: A strong 1H close above 0.2236 with supporting volume.
Invalidation: A decisive breakdown below 0.1740 weakens the bullish structure.
The ascending channel remains constructive, but patience and proper risk management are essential.
LONG SETUP
Entry Zone: 0.1950 – 0.2020
Stop Loss: 0.1740
TP1: 0.2236
TP2: 0.2438
TP3: 0.2632
Technical Analysis
LSK is developing a promising recovery structure after finding support near 0.1558. The chart shows an ascending parallel channel with a sequence of higher lows, indicating improving buying interest.
A strong impulsive move recently pushed price toward 0.2236 before a sharp pullback. Buyers have since stepped back in, bringing LSK toward 0.2032.
The 0.1950–0.2020 region is now an important retest area. Holding this zone could support another attempt toward 0.2236. A convincing breakout above that resistance may create room for 0.2438 and eventually 0.2632.
Preferred Entry: Wait for a controlled pullback into the marked zone and bullish confirmation.
Confirmation: A strong 1H close above 0.2236 with supporting volume.
Invalidation: A decisive breakdown below 0.1740 weakens the bullish structure.
The ascending channel remains constructive, but patience and proper risk management are essential.
