🔴 $LSK /USDT exhibits strong bearish momentum, trading 12.44% lower and pressing the 24h low at 0.190. Price is positioned below all key EMAs (7, 25, 99), which are converging into a tight resistance band between 0.193 and 0.196.
The market structure is decisively bearish. The immediate support at 0.190 is critical; a breakdown below this level could trigger an acceleration downward. Any bullish retracement is likely to be capped by the EMA cluster overhead.
Current price action shows sustained selling pressure. The setup favors shorts on a retest of the EMA resistance zone or a break of the daily low.
Setup (Short on Retest/Break):
· Entry: 0.193 - 0.196 (EMA zone) or break below 0.189
· TP: 0.180
· SL: 0.200 (above EMA cluster)
No long setup is present while price remains below the EMA confluence.
