I've been trading off the 10-11k support line bounces since the top but it looks like the fun is over and things are about to breakdown and not in a good way. If you're still holding any LRC I'd get rid of it now. Start scaling out, at least half asap but if you are desperate for one more bounce I've included a target although it's not likely since we're deep into the triangle and the breakout could happen any time now. If you see a full 15 minute bear candle below my little green resistance line I'd say the game is over for now. Sell out and scale back in when it hits the included target, if you're married to this coin that is.
Comment:
Trend lines are tested.
Trade closed: target reached:
Lower support line broken. Is it time to buy back in? Quite possibly, though I would look to scale in in one of the previously established support zones, either between 6200-7500 or 9300-10600. Happy trading ^_^