LSK offering promising swing trade opportunity
LSK recently bounced off all time low price around 40 before doubling up and hitting 80ish. pulled back to secondary support of 60 over last week or so. Seems ready to try a leg up now.....
Assuming the broader market continues its uptrend, i think this offers a pretty good R:R as it has a lot of upside potential
currently at 6120ish
entry: <6250
s/l: <5875 (-6% from 6250)
T1: 6950 (+11% from 6250)
T2: 8000 (+28%)
T3: 10000 (+60%)
if we zoom out and look at bigger view, i debated a bit on where to place those fib lines, but its current location seems to fit well, which is where i get my 3rd target from.
Assuming the broader market continues its uptrend, i think this offers a pretty good R:R as it has a lot of upside potential
currently at 6120ish
entry: <6250
s/l: <5875 (-6% from 6250)
T1: 6950 (+11% from 6250)
T2: 8000 (+28%)
T3: 10000 (+60%)
if we zoom out and look at bigger view, i debated a bit on where to place those fib lines, but its current location seems to fit well, which is where i get my 3rd target from.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.