LSK is poised for a breakout after establishing a clear market structure break, with price currently hovering near key levels. This zone matters as it represents a confluence of support and resistance.
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$LSK LONG 📈
Entry → $0.082857-$0.083023
Stop → $0.080452 (-3.0%)
TP1 → $0.084184 (+1.5%)
TP2 → $0.087087 (+5.0%)
R/R 1:1.7 • Confidence 64%
The setup looks compelling with signals like CHoCH, CVD, and FVG all aligning to suggest a potential long opportunity, while the presence of an order block and liquidity sweep adds to the bullish case. The structure indicates that a break above this point could lead to a swift move upwards, driven by trapped buyers and lack of supply. Overall, the confluence of these factors paints a picture of a market ready to push higher.
With a 3.0% stop loss, which is on the tighter side, a leverage of 2-3 times fits this trade to balance risk and potential reward.
Taking partial profits at the first target makes sense, as it allows for the realization of some gains while letting the remaining position ride out the potential for further upside.
As always: manage your risk, this is not financial advice 🙏
$LSK #LSKUSDT #crypto #TradingSignals #Write2Earn