$LSK finally showing a crack or is this just another bear trap?
LSK has been ignoring technicals for a while so I’m not calling the downside confirmed yet. But on the 15M chart, price has broken below the rising trendline. If the current 15 minute candle closes below that trendline, I’ll be watching the short side.
My downside levels are $0.65, $0.60 and potentially below $0.50 if sellers completely take control from here.
But there’s an important catch. This is purely a technical setup, and we already know what LSK did recently when technical levels stopped mattering. That’s why I’d also watch the liquidity clusters around these zones before making any aggressive decision.
Right now, the ball is with the bears. If they can hold this breakdown, the next move could get ugly. If buyers reclaim the trendline, this could turn into another bear trap.
Learning is more important in crypto than winning every trade💯
If you only chase money, one day the market will take it back from you. But if you learn how the market works, understand the mind behind it, manage risk & study liquidity positioning, you give yourself a chance to survive for the long run.
And remember, this is crypto. Sometimes coins completely ignore the technicals, just like we recently saw with $BTR and $LSK . When liquidity and positioning take over, the chart can behave very differently from what we normally expect. That's why we need to understand the trend and where the liquidity is sitting instead of blindly trusting one indicator or setup.
We are just small dots in a huge sea. We can't control the market. We can't control the whales. We can only control our decisions and our risk.
Learn from every loss. Ask why your plan failed. What did you miss? What changed? What would you do differently next time?
Every trade should have a plan before you enter. Entry, exit and invalidation.
At the end of the day, we are all participants in the same war of whales. Sometimes we are on the winning side. Sometimes we become the liquidity.