๐จ๐จ $LSK JUST RIPPED 100%+ โ AND NOW THE SAME MOVE THAT MADE TRADERS RICH COULD BE SETTING THEM UP FOR A BRUTAL REVERSAL. ๐๐
$LSK went from a forgotten accumulation zone to a 100%+ vertical move almost instantly.
Now price has reached $0.3672 and is sitting around $0.3515, directly below the bigger $0.3800โ$0.4000 supply zone.
And this is where Iโm getting cautious.
On the 15m chart, buying pressure is starting to fade. Weโre seeing repeated upper wicks, while a possible double top is developing near the highs.
Thatโs why Iโm not chasing these green candles.
Iโm watching $0.3520โ$0.3720 for a potential short, but I want confirmation โ not a blind short against strong momentum.
A 15m breakdown below $0.3480 would give sellers much stronger confirmation.
๐ฏ TP1: $0.3337
๐ฏ TP2: $0.2921
โ ๏ธ Invalidation: $0.42
After a move this aggressive, the biggest danger isnโt always missing the next pump.
Itโs buying the top because everyone assumes the pump canโt stop.
โณ So what happens when $LSK reaches the real resistance zone?
๐จ DOES IT BREAK $0.40 AND SEND SHORTS RUNNINGโฆ OR DOES THE FIRST SERIOUS SELL-OFF TURN TODAYโS FOMO BUYERS INTO TOMORROWโS EXIT LIQUIDITY? ๐๐
๐ BREAKOUT or ๐ป REVERSAL โ WHO GETS TRAPPED FIRST?
$LSK went from a forgotten accumulation zone to a 100%+ vertical move almost instantly.
Now price has reached $0.3672 and is sitting around $0.3515, directly below the bigger $0.3800โ$0.4000 supply zone.
And this is where Iโm getting cautious.
On the 15m chart, buying pressure is starting to fade. Weโre seeing repeated upper wicks, while a possible double top is developing near the highs.
Thatโs why Iโm not chasing these green candles.
Iโm watching $0.3520โ$0.3720 for a potential short, but I want confirmation โ not a blind short against strong momentum.
A 15m breakdown below $0.3480 would give sellers much stronger confirmation.
๐ฏ TP1: $0.3337
๐ฏ TP2: $0.2921
โ ๏ธ Invalidation: $0.42
After a move this aggressive, the biggest danger isnโt always missing the next pump.
Itโs buying the top because everyone assumes the pump canโt stop.
โณ So what happens when $LSK reaches the real resistance zone?
๐จ DOES IT BREAK $0.40 AND SEND SHORTS RUNNINGโฆ OR DOES THE FIRST SERIOUS SELL-OFF TURN TODAYโS FOMO BUYERS INTO TOMORROWโS EXIT LIQUIDITY? ๐๐
๐ BREAKOUT or ๐ป REVERSAL โ WHO GETS TRAPPED FIRST?