$LSK – Deep Pullback, Buyers Trying to Build a Base
$LSK is trading around $0.3492 after a sharp rejection from the $0.45 area. The 1H chart shows strong bearish momentum, but price is now consolidating around $0.34–$0.35, suggesting sellers are losing some immediate momentum.
The key support is $0.3380–$0.3450. Holding this zone and reclaiming $0.3666 could trigger a recovery toward the next resistance levels.
Trade Setup
Entry: $0.3420 – $0.3510
Target 1: $0.3666
Target 2: $0.3900
Target 3: $0.4087
Stop Loss: $0.3280
24H High: $0.4833
24H Low: $0.3380
Current Price: $0.3492
24H Change: -13.41%
Structure: Bearish after the major rejection, with price now forming a short-term base near support.
Confirmation: A strong 1H close above $0.3666 with increasing volume would strengthen the recovery setup. A break below $0.3380 would invalidate the bullish recovery idea.
$LSK
#BinanceWillListHyperliquid(HYPE) #CFTCUpdatesGuidanceOnTokenizedAssets #BitcoinSpotETFsTurnNetPositiveYTD #BitgetBreachForgedRequestsNotStolenKeys
$LSK is trading around $0.3492 after a sharp rejection from the $0.45 area. The 1H chart shows strong bearish momentum, but price is now consolidating around $0.34–$0.35, suggesting sellers are losing some immediate momentum.
The key support is $0.3380–$0.3450. Holding this zone and reclaiming $0.3666 could trigger a recovery toward the next resistance levels.
Trade Setup
Entry: $0.3420 – $0.3510
Target 1: $0.3666
Target 2: $0.3900
Target 3: $0.4087
Stop Loss: $0.3280
24H High: $0.4833
24H Low: $0.3380
Current Price: $0.3492
24H Change: -13.41%
Structure: Bearish after the major rejection, with price now forming a short-term base near support.
Confirmation: A strong 1H close above $0.3666 with increasing volume would strengthen the recovery setup. A break below $0.3380 would invalidate the bullish recovery idea.
$LSK
#BinanceWillListHyperliquid(HYPE) #CFTCUpdatesGuidanceOnTokenizedAssets #BitcoinSpotETFsTurnNetPositiveYTD #BitgetBreachForgedRequestsNotStolenKeys
