Wait, $LSK ‌ just trapped a bunch of late longers at the top, didn't it?

Looking at the 1h chart, that wick up to 0.2187 was a massive rejection. It’s a classic fakeout that’s now forcing a correction back into the 0.1968 zone. We had a nice slow grind up from the 0.1762 bottom, but this sudden sell pressure shows that sellers are defending the 0.20+ area pretty heavily.
Volume is decent at 12.71M, so there’s still life in it. If we can find some footing around 0.1920, we might see a second attempt at that resistance. But honestly, if it loses this current level, I’m looking at a deeper retest toward the 0.1830 support block to reset the move.
Sitting on my hands for a bit to see if the bulls can actually hold this dip or if it’s headed further down.

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