LRC Bull Case OpeningBINANCE: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
Lrclongsetup
LRC: Looking Prime and Ready for Some Bullishness My Fellow Crypto Comrades,
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ANALYSIS:
LRC Looks to be forming a head and shoulders in which a possible long sent up can be initiated at the end of the formation. RSI is signaling that LRC is overbought, thus we are currently seeing a correction. If LRC falls through the upward diagonal trend, and the $0.15 support/resistance level, BTFD! Moreover, the 9EMA flashing to the downside is further confirmation we should be expecting a correction to previous support levels. I'm not a financial advisor but if BTC chills out from price pumping, and trades sideways, this long set up can lead into the next bullish Alt cycle with some nice gains.
