I’m looking at $LSK /USDT after a sharp intraday drop from the upper part of the visible range. Price is now around 0.4545, sitting just above the 0.4536 level, while the MA60 is at 0.4509.
For me, the key area is 0.4536–0.4545. I’d like to see price hold this zone rather than continue sliding lower. A reclaim of 0.4557 would make the setup more interesting, especially if price can build some stability above it.
📍 Entry: 0.4536–0.4545
🎯 TP1: 0.4557
🎯 TP2: 0.4578
🎯 TP3: 0.4599
🛑 Invalidation: 0.4509
If price loses 0.4509, I’d step away from this setup because that would put price below the visible MA60 and weaken the idea of a bounce from the current area.
The chart is still showing short-term weakness, so I wouldn’t chase the move. I’m waiting for support to hold and price to reclaim the nearby resistance before considering the setup attractive.
For me, the key area is 0.4536–0.4545. I’d like to see price hold this zone rather than continue sliding lower. A reclaim of 0.4557 would make the setup more interesting, especially if price can build some stability above it.
📍 Entry: 0.4536–0.4545
🎯 TP1: 0.4557
🎯 TP2: 0.4578
🎯 TP3: 0.4599
🛑 Invalidation: 0.4509
If price loses 0.4509, I’d step away from this setup because that would put price below the visible MA60 and weaken the idea of a bounce from the current area.
The chart is still showing short-term weakness, so I wouldn’t chase the move. I’m waiting for support to hold and price to reclaim the nearby resistance before considering the setup attractive.
