Technical Analysis of $LSK
/USDT🔥🚀💯
Current Price: $0.950
Trend: Bullish (upward momentum observed with a +0.96% increase over the last 24 hours).
Support Level: $0.915 (24h Low)
Resistance Level: $0.965 (24h High)
Indicators:
Moving Averages: The price is trading just above the 50-period MA, indicating a mild bullish trend.
RSI (Relative Strength Index): 57, suggesting no extreme overbought or oversold conditions (neutral range).
MACD: Positive, indicating strong buying pressure with a solid upward movement.
Trade Signal: Buy
Momentum is currently bullish, and the market shows favorable conditions for a long trade entry.
Target Levels 🎯:
1. Target 1 (TP1): $0.965 (Recent High – Resistance Level)
2. Target 2 (TP2): $1.00 (Psychological resistance)
3. Target 3 (TP3): $1.05 (Previous Resistance or next potential breakout zone)
Stop-Loss: Place a stop-loss just below $0.915 to manage risks (around 3.5% down).
Momentum:
The price shows a consistent uptrend, indicating positive buying momentum.
Watch for breakouts above the resistance to confirm strong bullish sentiment.
This technical setup suggests buying opportunities with bullish momentum while keeping a close eye on potential resistance zones.