Is LSK already overextended lower on the 1h chart?

🔴 SHORT $LSK /USDT: expecting price to go DOWN
Bias: SHORT · Leaning

Entry: 0.247252 – 0.248128
TP1: 0.240050 (-3.1%)
TP2: 0.234957 (-5.1%)
TP3: 0.227318 (-8.2%)
SL: 0.257876 (+4.1%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Note: moderate conviction only, keep size light.

Why SHORT? Leaning call, 6/12 signals agree, 1 against, 5 undecided.
• 1h trend: price < EMA50 < EMA200, bearish stack → the short-term trend is down
• Trend strength (ADX/DI, 15m): ADX 30.7 with sellers in control (DI+ 10.1 vs DI− 28.2) → sellers are driving the move
• 4h RSI: 34.4, bearish momentum (below 45) → sellers have the momentum
Risk: Distance from 1h EMA50: −3.6 ATR from the 1h EMA50, overextended with bounce risk → price fell far below its average, a bounce is likely

The short version:
1/3 The 1h trend is down with price below stacked EMAs.
2/3 The 1h RSI is 27, indicating sellers are driving momentum.
3/3 A bounce toward the 1h EMA50 would invalidate this short.

Where are you taking profit if this short works, and does that level still hold?

Levels mapped on the chart below.

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Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.