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LRCUSDT trade ideas

LRCUSDT (LOOPRING) - UPTREND CONTINUATIONANALYSIS 🔎 - LRCUSDT brokeout above the symmetrical triangle(1) inclined resistance. - LRCUSDT hit a new ATH and retraced. - Price retested the flip horizontal support and 0.618 fibonacci retracement level. - A bullish pin bar (hammer) was formed at the retest area. - Price action is printing a symmetrical triangle(2) pattern. - Breakout above symmetrical triangle(2) inclined resistance could be an uptrend continuation signal. BUY ENTRY ⬆️ - Breakout above the symmetrical triangle(2) inclined resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension level 1.0. SETUP INVALIDATION ❌ - Breakdown below the symmetrical triangle(2) inclined support.
Long
by Chibuike_Odoh
LRCUSDT - Potential buy entry 🔼Analysis 🔎: LRCUSDT bounced off the major ascending channel support and brokeout above the symmetrical triangle's inclined resistance. It also brokeout above the previous swing high. Price is heading to the major ascending channel resistance. The impulsive move is supported by an ascending trendline support. Price is retracing to the ascending trendline support. The pullback is resisted by a descending trendline resistance. Potential bounce off the ascending trendline + key fibonacci retracement levels. Buy entry ⬆️: breakout above the descending trendline resistance. Targets 🎯: horizontal resistance level (R1), fibonacci extension levels. Setup invalidation ❌: breakdown below the ascending trendline support. Enjoy 🥂
Long
by Chibuike_Odoh
LRCUSDT - Possible uptrend continuation 🔼Analysis 🔎: LRCUSDT brokeout above the symmetrical triangle's inclined resistance. Price hit a new All Time High (ATH) and retraced. Price is testing the flip horizontal support + key fibonacci retracement levels. Price action is printing the inverse head and shoulders trend reversal pattern. A bullish pin bar (hammer) was formed at the swing low (inversed Head). Possible uptrend continuation. Buy entry ⬆️: breakout above the inverse head and shoulders neckline resistance. Targets 🎯: previous swing high (ATH), fibonacci extension level (1.0). Setup invalidation ❌: breakdown below the right shoulder support level.
Long
by Chibuike_Odoh
3
LRCUSDT - Dailly analysisLRCUSDT brokeout above the symmetrical triangle pattern as expected from my previous analysis. Price hit the ATH and retraced. Price is testing the flip horizontal support + 0.618 fibonacci retracement level. A bullish pin bar ( hammer ) was formed on the Daily timeframe. Price action is printing the inverse head and shoulders reversal pattern. Possible uptrend continuation. Buy entry ⬆️ - breakout above the inverse head and shoulders neckline resistance. Targets 🎯 - previous swing high (ATH), fibonacci extension levels. Setup invalidation ❌ - breakdown below the inverse shoulders support level.
Long
by Chibuike_Odoh