LRC/USDT bullish ride? 👀 🚀 Loopring Today Analysis
💎 Paradisers, brace yourselves as we've spotted a promising opportunity with LRCUSDT, poised for a potent bullish surge following a retest of its formidable support.
💎 In our prior observations, LRC navigated within a descending channel. After breaking free, it faced rejection at the supply level of .1772. Interestingly, it's now revisiting the channel's support, which previously played the role of resistance.
💎 Currently, the odds are in favor of it embarking on a bullish trajectory from the solid support level at .1644. This is further bolstered by the presence of untouched supply zones overhead, indicating a potential visit to these levels in the foreseeable future.
💎 However, on the flip side, should the price breach the .1644 support, we might witness a notable downward shift.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insight
💎 In our prior observations, LRC navigated within a descending channel. After breaking free, it faced rejection at the supply level of .1772. Interestingly, it's now revisiting the channel's support, which previously played the role of resistance.
💎 Currently, the odds are in favor of it embarking on a bullish trajectory from the solid support level at .1644. This is further bolstered by the presence of untouched supply zones overhead, indicating a potential visit to these levels in the foreseeable future.
💎 However, on the flip side, should the price breach the .1644 support, we might witness a notable downward shift.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insight
Trade closed: target reached
💎 Just as predicted, #LRCUSDT up a smooth 45.12%!Note
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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.
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.