Long
LRC Bull Case Opening
$BINANCE:LRCBUSD Heavily oversold but not yet completed impulse down.
Looking for reversal around 0.2525 - expect confirmation prior to entry then aim for 3+ R:R to TP#2 - SL as appropriate for risk
HFT showing pressure building to cover shorts and gap up into (*suspect temporary) recovery
Expect a break in trend around PRZ > with reversion and retest of new support as entry #1
TP#1 & TP#2 as set - meeting fair value HTF gaps
Good Hunting
Looking for reversal around 0.2525 - expect confirmation prior to entry then aim for 3+ R:R to TP#2 - SL as appropriate for risk
HFT showing pressure building to cover shorts and gap up into (*suspect temporary) recovery
Expect a break in trend around PRZ > with reversion and retest of new support as entry #1
TP#1 & TP#2 as set - meeting fair value HTF gaps
Good Hunting
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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.