✳️ Lisk Prepares For A Change Of Trend (150% Profits Potential)

A trend change can translate into years of growth (long-term growth).

Right now Lisk (LSKBTC) is moving into the biggest bullish breakout since early 2023, a year ago.
This current move is supported by the highest volume in a year as well and a super strong RSI.

The daily RSI reading is set at 75 with prices coming out of major low.
This indicates that this is a very strong move.

We can easily see 150% profits as this pair grows as many, many others have done, short-term. Long-term growth potential can go much, much higher.

Thank you for reading.

Namaste.

Commento:

The recent action below support is a classic, it is what we call a "stop-loss hunt" event.

This is actually a bullish signal, a very strong one.

LSKBTC moved below support, activating all the stop-losses, signaling to holders/traders that the pair turned bearish and it is time to sell. Those of us who use a manual stop-loss will continue to hold, but many others will fold. Once players sell their positions, the market moves back up.

This is a strong bullish signal because there is no going back.
No sellers left, no more liquidity to chase.

Now that this market move is over, we can see higher prices... Very easy and it is still early... More details on the chart.

Namaste.