🔥 370K $LSK Just Burned — Was My $1.5 Prediction Justified?
Yesterday, I said $LSK could reach $1.5 based mainly on the chart pattern, without checking the full data. Now I have enough information to support the idea and understand the risks better.
The short-term numbers are improving:
— 1H spot buy volume: 4.67M LSK
— 1H spot sell volume: 3.56M LSK
— Net spot flow: +1.11M LSK
— 4H net flow: +766K LSK
— 1H futures CVD: +174.3M LSK
— 1H spot CVD: +27.3M LSK
— Spot orderbook delta: +117.4K LSK
— Taker buy/sell ratio: 1.06
— Short liquidations: 159.6K LSK
— Long liquidations: 35.5K LSK
This shows buyers are active, but part of the move is from short liquidations. Daily flow remains negative, around 3.81M LSK more selling than buying, so not a confirmed reversal yet.
The liquidation heatmap shows upside liquidity near $0.422-$0.432 and $0.45, downside near $0.393, $0.38 and $0.364. The volume profile shows acceptance around $0.39-$0.41, with stronger resistance near $0.417-$0.425.
On-chain data is also interesting. Around 370K LSK was sent from a Gnosis Safe wallet to a null address. It may be a burn, but I can't confirm without verifying the wallet and transaction. Separately, Lisk confirmed its 100M LSK burn has started, cutting planned supply from 400M to 300M, a 25% cut, very strong narrative.
My bias is slightly bullish, but $1.5 likely won't come in a straight line.
Preferred long zone: $0.398-$0.405 after confirmation
Deeper Entry: $0.35-$0.37
Breakout entry: above $0.425 after a successful retest
TP1: $0.45
TP2: $0.55
TP3: $0.60-$0.80
Invalidation: 1H close below $0.392
Wait for a 30M or 1H candle confirmation. Liquidity exists on both sides, so chasing is risky. $1.5 is still possible, but LSK must hold $0.39-$0.41 and break the $0.42-$0.45 resistance zone.
One of my friends bought $LSK near the top and is still holding in loss. Don't panic, bro, but watch $0.32. If that level breaks with strong selling, reducing risk may be better than holding blindly. You may get another chance to buy lower.
Yesterday, I said $LSK could reach $1.5 based mainly on the chart pattern, without checking the full data. Now I have enough information to support the idea and understand the risks better.
The short-term numbers are improving:
— 1H spot buy volume: 4.67M LSK
— 1H spot sell volume: 3.56M LSK
— Net spot flow: +1.11M LSK
— 4H net flow: +766K LSK
— 1H futures CVD: +174.3M LSK
— 1H spot CVD: +27.3M LSK
— Spot orderbook delta: +117.4K LSK
— Taker buy/sell ratio: 1.06
— Short liquidations: 159.6K LSK
— Long liquidations: 35.5K LSK
This shows buyers are active, but part of the move is from short liquidations. Daily flow remains negative, around 3.81M LSK more selling than buying, so not a confirmed reversal yet.
The liquidation heatmap shows upside liquidity near $0.422-$0.432 and $0.45, downside near $0.393, $0.38 and $0.364. The volume profile shows acceptance around $0.39-$0.41, with stronger resistance near $0.417-$0.425.
On-chain data is also interesting. Around 370K LSK was sent from a Gnosis Safe wallet to a null address. It may be a burn, but I can't confirm without verifying the wallet and transaction. Separately, Lisk confirmed its 100M LSK burn has started, cutting planned supply from 400M to 300M, a 25% cut, very strong narrative.
My bias is slightly bullish, but $1.5 likely won't come in a straight line.
Preferred long zone: $0.398-$0.405 after confirmation
Deeper Entry: $0.35-$0.37
Breakout entry: above $0.425 after a successful retest
TP1: $0.45
TP2: $0.55
TP3: $0.60-$0.80
Invalidation: 1H close below $0.392
Wait for a 30M or 1H candle confirmation. Liquidity exists on both sides, so chasing is risky. $1.5 is still possible, but LSK must hold $0.39-$0.41 and break the $0.42-$0.45 resistance zone.
One of my friends bought $LSK near the top and is still holding in loss. Don't panic, bro, but watch $0.32. If that level breaks with strong selling, reducing risk may be better than holding blindly. You may get another chance to buy lower.
