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Loopring / TetherUS

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LRCUSDT trade ideas

LRCUSDT the price is testing the 4h supportThe price created a triple bottom on the monthly support of 0.62$ where the market found liquidity for a new bullish impulse. On the daily timeframe, the price got a rejection from the 0.5 Fibonacci level exactly on 1.37$. pon the 4h timeframe the price created an M pattern with the double top on 1.37$ and the market lost the weekly support How to approach? The price is going to test the M's neckline as new resistance. IF and only IF the price is going to lose the daily and 4h support (1.09$) and retest it as new resistance, According to Plancton's strategy , we can set a nice order. The next valid support could be the monthly support of 0.89$ and 0.618 Fibonacci level ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
LoopRing predictions (LRC), BTC back through 45k (for now) !LRC would have had a nice little run yesterday if it wasn't for BTC leaving the party. Even so, definitely some great signals for LoopRing. Still bullish in the fact that LRC has had a resistance/support flip right around the ~T1.15 mark (blue dashed line) Triangle now forming within what was once, a nice positive trend for ol' LoopRing, and is now a super mopey resistance trend. Let's hope for a breakout. Definitely ~T1.15 or so would be a position I myself would be in currently if it wasn't for me getting stuck in IOST at a T0.0497 position (I hate my life 😅) I still believe IOST is going to be at like ten cents by next week, though. Happppppyyy candles. C'mon happy green candles, today. ♠️🤫🐿
Long
by FutureAmericanExpat