Title: Lisk (LSK) Scalping Strategy: Playing a Potential Reversal in a Ranging Market

Disclaimer: This is not financial advice. Please conduct your own research before making any trading decisions.

This analysis explores a potential scalping strategy for Lisk (LSK) based on a possible trend reversal within a rangebound market.

Market Context:

LSK is currently trading at $1.51 with a 24-hour trading volume of $4.2 million, experiencing a significant decrease of 38.88% compared to the previous day.
The monthly chart suggests a downtrend, while the weekly chart indicates a rangebound scenario for LSK.

Scalping Strategy for a Potential Reversal:

This strategy hinges on the possibility of a price reversal within the current range.
A key level to monitor is $1.48, where the price recently stopped its decline on the daily chart.

Entry Points and Stop-Loss:

Conditional Entry 1: If the price respects the $1.48 support level and shows bullish reversal signals, a 50% entry into the position could be considered.
Alert and Potential Entry 2: An alert has been placed at $1.34. If the price reaches this level, another 50% entry could be considered, signifying a more aggressive approach.
Target Profits: Two potential profit targets are suggested:
$1.7: This represents a conservative target profit for a quick scalp.
$1.98: This is a more aggressive target profit aiming for a larger gain if the reversal strengthens.
Stop-Loss: A stop-loss order placed below $1.19 is crucial to manage potential losses if the downtrend continues.

Market Considerations:

• Scalping during a potential trend reversal requires close monitoring and confirmation of bullish signals.
• This strategy is suited for smaller position sizes due to the uncertain market conditions.
• Always prioritize risk management and never invest more than you can afford to lose.