LSK printed +80.1% on $84M volume, but the tape shows a hard rejection from the 0.868 high.
That's a long wick. Price is holding above its EMA20 at 0.615 for now, but the clean move up is over. We're just chopping around 0.704.
The desk's read is that this was the exit pump, not the start of a new trend. That volume brought in sellers, not just new longs.
Are you buying this weakness, or was that the exit liquidity?
$LSK
New reads post through the day. Follow so you don't miss the next one.
That's a long wick. Price is holding above its EMA20 at 0.615 for now, but the clean move up is over. We're just chopping around 0.704.
The desk's read is that this was the exit pump, not the start of a new trend. That volume brought in sellers, not just new longs.
Are you buying this weakness, or was that the exit liquidity?
$LSK
New reads post through the day. Follow so you don't miss the next one.
