$LSK printed a sharp rejection from the $0.1510 high, followed by an aggressive pullback. The rejection was decisive, not gradual. After the impulsive push upward, price failed to hold near highs and immediately lost momentum. This behavior near resistance often signals distribution rather than accumulation.

The $0.1510–$0.1520 zone now stands as clear short-term resistance. Sellers stepped in with strength at that level, creating a lower high on the smaller timeframes. Price is currently trading below resistance and showing signs of weakness, with momentum cooling after the initial impulse. When a strong move up is followed by immediate rejection, it often leads to a retracement toward deeper support levels.

Liquidity rests below recent intraday lows, particularly toward $0.1460 and further down near $0.1396. If price continues to trade below $0.1500 without reclaiming it, the market is likely to seek those downside liquidity zones. A clean breakdown below $0.1460 would accelerate the move toward $0.1396.

EP: $0.1485 – $0.1495

TP1: $0.1460

TP2: $0.1396

SL: $0.1518

Trend strength is weakening after rejection at $0.1510, with lower highs forming.

Momentum has shifted from impulsive bullish to corrective, favoring sellers near resistance.

Failure to reclaim $0.1500 increases probability of continuation toward liquidity at $0.1460 and $0.1396.

Risk is clearly defined above $0.1518. As long as price remains below resistance, bearish continuation remains favored.

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