LRC/USD
Updated
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
RR: 21
Possible upside: 1490%
Possible downside: 70%
The three green thick lines are the accumulation zone. A break above the blue resistance will confirm bullish uptrend.
RR: 21
Possible upside: 1490%
Possible downside: 70%
The three green thick lines are the accumulation zone. A break above the blue resistance will confirm bullish uptrend.
Trade active
The bottom is likely in or very little room for another drop. LRC has already gone through a 90% drop.Note
The possible drop is 70%, I normally place my stop losses a bit further down that the support line to prevent getting stop loss hunted.If we get that drop, it would be a 95% drop from the ATH.
Laddering down for this coin and all others I am charting is your best option. If you get more at a 50-70% drop then the RR ratio is increased by a lot more. If this is 21 then @ a 70% drop it would be 144.
From the last support line your RR is now 144.
Possible Upside: 3100%
Possible Downside: 21%
Like WHAT???!?
Not financial advice.
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