LRCUSDT is grabbing new liquidity?
Testing Key Daily Support: The current market situation involves LRCUSDT testing the $0.2 area, which serves as a crucial daily support level. Daily support levels are historical price points where buying interest has previously emerged, potentially preventing the price from declining further.
Breakout Potential at $0.24: You've indicated that a potential trading opportunity could arise if the price effectively captures new liquidity and subsequently generates a new breakout above the $0.24 level.
Plancton's Rules Application: In accordance with your analysis and following Plancton's Rules, you are considering a new long position if the price accomplishes the mentioned breakout above $0.24. A long position involves acquiring the asset with the expectation that its value will ascend, aligned with the anticipated bullish momentum implied by the potential breakout.
–––––
Follow the Shrimp 🦐
Keep in mind.
Breakout Potential at $0.24: You've indicated that a potential trading opportunity could arise if the price effectively captures new liquidity and subsequently generates a new breakout above the $0.24 level.
Plancton's Rules Application: In accordance with your analysis and following Plancton's Rules, you are considering a new long position if the price accomplishes the mentioned breakout above $0.24. A long position involves acquiring the asset with the expectation that its value will ascend, aligned with the anticipated bullish momentum implied by the potential breakout.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
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.