$LSK
๐ฅ Structural analysis of the LSK$ coin | End of the corrective wave and testing the decision zone ๐
The coin $LSK is currently trading at the 0.4475$ level on the 1-hour (1H) timeframe, after completing a downward corrective wave and stabilizing the price above the most recent local low at 0.3500$.
๐ Structural Read and Price Movement Pattern:
* End of the Correction (Liquidity Sweep): The price showed a clear reversal behavior after breaking the low and forming a higher low, indicating the completion of the corrective wave and the accumulation of new buy-side liquidity.
* Decision Level (Resistance Breakout): The price is currently directly below the resistance and nearby liquidity zone at 0.4700$โ0.4898$. A breakout above this level with a momentum candle is the key trigger for a new upward wave.
๐ Expected near-term targets after breaking 0.4700$:
Upon confirming the breakout and closing above 0.4700$, the price is expected to move toward the following nearby targets:
* ๐ฏ TP1: $0.5500
* ๐ฅ TP2: $0.6500
* ๐ TP3: $0.8200 (Fib 0.236)
โ ๏ธ Risk Management:
* Stop Loss: An hourly candle close below the 0.3500$ level immediately invalidates the positive scenario.
* It is recommended to move the stop to the entry point (Break-Even) once the first target is reached ($0.5500).
Do you think LSK can break 0.4700$ and move directly toward the first targets? Share your opinion! ๐๐ฅ
#LSK #LSKUSDT #CryptoTrading #BinanceSquare #SmartMoneyConcepts #SMC
$LSK
๐ฅ Structural analysis of the LSK$ coin | End of the corrective wave and testing the decision zone ๐
The coin $LSK is currently trading at the 0.4475$ level on the 1-hour (1H) timeframe, after completing a downward corrective wave and stabilizing the price above the most recent local low at 0.3500$.
๐ Structural Read and Price Movement Pattern:
* End of the Correction (Liquidity Sweep): The price showed a clear reversal behavior after breaking the low and forming a higher low, indicating the completion of the corrective wave and the accumulation of new buy-side liquidity.
* Decision Level (Resistance Breakout): The price is currently directly below the resistance and nearby liquidity zone at 0.4700$โ0.4898$. A breakout above this level with a momentum candle is the key trigger for a new upward wave.
๐ Expected near-term targets after breaking 0.4700$:
Upon confirming the breakout and closing above 0.4700$, the price is expected to move toward the following nearby targets:
* ๐ฏ TP1: $0.5500
* ๐ฅ TP2: $0.6500
* ๐ TP3: $0.8200 (Fib 0.236)
โ ๏ธ Risk Management:
* Stop Loss: An hourly candle close below the 0.3500$ level immediately invalidates the positive scenario.
* It is recommended to move the stop to the entry point (Break-Even) once the first target is reached ($0.5500).
Do you think LSK can break 0.4700$ and move directly toward the first targets? Share your opinion! ๐๐ฅ
#LSK #LSKUSDT #CryptoTrading #BinanceSquare #SmartMoneyConcepts #SMC
$LSK
