LRCUSDT trade ideas
LRCUSDT is creating a falling wedge 🦐LRCUSDT is creating a falling wedge and now the price is testing the previous resistance as new support.
A long scenario is valid only if the price will have a breakout from the wedge and from the weekly resistance, otherwise, if the price will lose the 4h support, we could see a retest of the weekly support. According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
LRC Uptrend Possibility LRC looks good to me, in HTF it is likely
to moving in an imaginary uptrend channel,
i dont like to buy it at this level because
it is too overbought, but if the price
pass 0.27272 I will take it. in case it is a correction i could expect typically 0.48
for it and upper targets also available depend
on reaction to the first zone.
As minimum target 0.35 could be possible w
ith regard the BAT Pattern and also
breakout of trigger line.