🚀 +77% in a single day. LSK is the hottest coin on Binance right now, and the daily RSI just hit 94. Yes, ninety-four.
📊 Current Picture:
LSK at $0.2417 with 4H RSI at 78.3 and daily RSI at 94 — this is extreme overbought. Volume is $17.8M (9.2x average), and MACD is bullish on both timeframes. But here's what catches my eye: the long/short ratio is only 0.49, meaning shorts actually outnumber longs. That's contrarian fuel.
🧠 Why This Trade?
When RSI hits 94 and shorts are still piling in (L/S 0.49), you get a squeeze setup. The 7 SMA ($0.217) is way below price, confirming massive momentum. However, this is a VOLATILE strategy — meaning I'm expecting wild swings. The entry zone is wide to account for the volatility.
📋 Trade Plan (LONG):
• Entry: $0.2273 – $0.2561 (wide zone for volatile conditions)
• Stop Loss: $0.1842 (below the structural support)
• TP1: $0.2638 | TP2: $0.2610 | TP3: $0.2707
• Risk/Reward: 0.4 (tight position sizing critical)
⚠️ This is NOT for beginners. Extreme momentum can reverse violently.
Are you brave enough to ride this or sitting it out? Tell me below 👇
#LSK #MomentumTrade #DYOR
⚠️ Disclaimer: This is not financial advice. Crypto is volatile. Always do your own research and manage risk responsibly.