$LSK perp dumping hard off that top 📉
Earlier today the spot version was at +65% still climbing, this perp took it way further, all the way to a massive 0.86660 high, but it's given back a huge chunk of that, now sitting at 0.52703, up 40.55% on the day. Still green but this is the roughest fade we've seen on any chart today.
MA(7) broke below MA(25) and is now diving straight through MA(99) too, that's a full trend flip, not just a pullback. Price basically fell from the 0.78 zone down through every moving average in a straight line.
Volume still enormous, 2.43B LSK and 1.40B USDT, that's actually the heaviest USDT volume we've seen all session, this drop has real size behind it, not a thin flush.
Out of everything posted today this is the clearest example of a full blowoff top, spiked hardest, now correcting hardest. Worth watching if 0.52 holds or if this keeps sliding toward MA(99).
Not financial advice, just tracking the tape
Earlier today the spot version was at +65% still climbing, this perp took it way further, all the way to a massive 0.86660 high, but it's given back a huge chunk of that, now sitting at 0.52703, up 40.55% on the day. Still green but this is the roughest fade we've seen on any chart today.
MA(7) broke below MA(25) and is now diving straight through MA(99) too, that's a full trend flip, not just a pullback. Price basically fell from the 0.78 zone down through every moving average in a straight line.
Volume still enormous, 2.43B LSK and 1.40B USDT, that's actually the heaviest USDT volume we've seen all session, this drop has real size behind it, not a thin flush.
Out of everything posted today this is the clearest example of a full blowoff top, spiked hardest, now correcting hardest. Worth watching if 0.52 holds or if this keeps sliding toward MA(99).
Not financial advice, just tracking the tape
