📊 Trend: Bearish (Descending Channel)
🔹 Key Levels:
✅ Support: $0.12 - $0.13 (Demand Zone)
🚀 Resistance: $0.18 - $0.35
Market Outlook & Strategy
🔸 Bullish Scenario: If LRC breaks above the descending channel, it could aim for $0.18 and potentially $0.34.
🔸 Bearish Scenario: If price fails to break out, it might retest the $0.12 support zone.
📌 Trading Plan:
1️⃣ Breakout Entry: Buy if price closes above the channel with strong volume.
2️⃣ Rejection Short: Sell near resistance if rejection occurs.
3️⃣ Support Buy: If price dips to $0.12, look for bullish signals before entering.
🔔 Stay updated & manage risk properly!
🔹 Key Levels:
✅ Support: $0.12 - $0.13 (Demand Zone)
🚀 Resistance: $0.18 - $0.35
Market Outlook & Strategy
🔸 Bullish Scenario: If LRC breaks above the descending channel, it could aim for $0.18 and potentially $0.34.
🔸 Bearish Scenario: If price fails to break out, it might retest the $0.12 support zone.
📌 Trading Plan:
1️⃣ Breakout Entry: Buy if price closes above the channel with strong volume.
2️⃣ Rejection Short: Sell near resistance if rejection occurs.
3️⃣ Support Buy: If price dips to $0.12, look for bullish signals before entering.
🔔 Stay updated & manage risk properly!
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.
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.