LRCUSDT trade ideas
LRC - Descending Triangle - SELL SHORTLRC is strictly respecting the descending triangle movement which draws lower highs and support bounce, which is likely to break through to the support after it reaches a certain level.
I'm placing shorts every time it gets rejected from the triangle top side.
This is my 4th short position I open here.
Two. Four. Six.Now that channel on 1 hr was denied we could possibly go downward more to test 2.3 ma again. If interest wains we see 1.80 or less within the next week is starting to make a lot of sense. It would then get very hectic to get out if looping/gme was delayed. We would see 1 pretty quickly.
This could get ugly fast unless someone or something happens in the next day or two.
🔥 Loopring Bull-Flag: Volatility SoonAfter the massive run-up earlier this month, LRC is currently seeing some consolidation coming its way.
During this period of consolidation, a bull-flag pattern has developed on the chart. Since this flag pattern has formed during a strong bullish move, it's more likely for the price to break out on the bullish side than on the bearish side.
In case of a bullish break out, I'm looking at the $2.75 - $2.90 range for potential exit targets. In case we break above that in the coming days, we might even go for a new all-time high in the near future.
Happy trading!
2:1 short trade idea for LoopringDecent 2:1 short odds for LRC, which has just broken through (1) super-trend and (2) support line, also (3) 20x50 EMA cross-over to the downside. Price-volume weighted average (MFI) and OBV also just broke down.
#3 would've been the optimal short point, but confluence of all (1)(2)(3) is a much safer entry. Don't forget to set your stops automatically when dealing with futures (take yourself out of the equation).
Note- This is for intra day trading only, watch carefully over 4-16 hours period. Longer horizon this stock is still bullish.
LRCUSDT , We need more pullbackHello everybody
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The price break the downward trend line and had some pullback to it but we think its not enough and we need more pullback to the trendline and the price can come to our zone we shown on chart and support from their to the target that we shown it
Guys in zone at first take signal then take in position , signal like hammer , ascending cover , pattern price or ...
Dont forget use stop loss and observe money management
Good Luck