Short $LSK at 0.163 on the 4H. Sellers need to defend this one.
Price is pressing into the zone from below the EMA50. I want a wick and a close back under 0.163, not a push through. Above 0.168 and the idea is done.
Why I care:
- 4H sits at 0.163, still under the EMA50 at 0.177, so sellers have the structure
- Daily is below the EMA200 at 0.173, the higher chart backs the short
- 3.0% to the stop against 4.8% to TP3, that's 1.6R if it gets there
SHORT 0.1625–0.1633
TP 0.1599 / 0.1580 / 0.1550
SL 0.1678
Rejection at 0.163, or a squeeze through it?
Not advice. Your risk.
Price is pressing into the zone from below the EMA50. I want a wick and a close back under 0.163, not a push through. Above 0.168 and the idea is done.
Why I care:
- 4H sits at 0.163, still under the EMA50 at 0.177, so sellers have the structure
- Daily is below the EMA200 at 0.173, the higher chart backs the short
- 3.0% to the stop against 4.8% to TP3, that's 1.6R if it gets there
SHORT 0.1625–0.1633
TP 0.1599 / 0.1580 / 0.1550
SL 0.1678
Rejection at 0.163, or a squeeze through it?
Not advice. Your risk.
