LSK did another quick rise and got to ATH. If we look back, we can see that after each such a rise, it dropped hard. I saw some nice observations of history repeating in the past (this one from @AAlFadhala is my favourite: www.tradingview.com/...story-repeat-itself/).
So my point of interest in currently that red line. If this will get broken to downside, bellow channel line will be next target/support. If also this one will get broken, there are high chances that we come back down to blue support line. Watch RSI and MACD, they seem to become "dangerous".
I'm not sure about shortening, especially at what level should I short it - I burnt my fingers a few times with shorting in the past. So let's wait and see what will happen.
Note that Fib extensions and entry point are from previous TA (the linked one).
So my point of interest in currently that red line. If this will get broken to downside, bellow channel line will be next target/support. If also this one will get broken, there are high chances that we come back down to blue support line. Watch RSI and MACD, they seem to become "dangerous".
I'm not sure about shortening, especially at what level should I short it - I burnt my fingers a few times with shorting in the past. So let's wait and see what will happen.
Note that Fib extensions and entry point are from previous TA (the linked one).
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Forgot to add link ...
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LSK managed to break to the upside, this setup is not valid anymore.
