LRCUSDT BULL CASE 62% - BEAR CASE 38% - SWING IDEA (2-10 DAYS)
Watching LOOPRING/USDT for the next 2/3 weeks
For this trade idea, I have more of a short/mid term LONG Bias.
With an overall long term SHORT Bias.
BULL CASE:
After a little over/under a month of STRONG seller action, I
think we are due a retracement.
https://www.tradingview.com/x/lG7AC2Rn/
(1): Down Trend Line Broken and used as Support
(2): Wedge indicating a break out
(3): Retest of Weekly Support (0.6103) - Possibly tring to regain as Support
(4): With Weekly Level Gained Possible Squeeze to Retest Prior Support Levels
BEAR CASE:
With heavy seller presence we can expect a continuation of the trend
to POSSIBLY trap buyers on a break out and FLUSH to previous
Weekly Support (0.3004)
Possible RETEST of previous daily support (0.8068) and then a flush to
MACRO supports (0.3004, 0.1092)
For this trade idea, I have more of a short/mid term LONG Bias.
With an overall long term SHORT Bias.
BULL CASE:
After a little over/under a month of STRONG seller action, I
think we are due a retracement.
https://www.tradingview.com/x/lG7AC2Rn/
(1): Down Trend Line Broken and used as Support
(2): Wedge indicating a break out
(3): Retest of Weekly Support (0.6103) - Possibly tring to regain as Support
(4): With Weekly Level Gained Possible Squeeze to Retest Prior Support Levels
BEAR CASE:
With heavy seller presence we can expect a continuation of the trend
to POSSIBLY trap buyers on a break out and FLUSH to previous
Weekly Support (0.3004)
Possible RETEST of previous daily support (0.8068) and then a flush to
MACRO supports (0.3004, 0.1092)
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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.