Hi dear friends, hope you are well and welcome to the new trade setup of Loopring token ( LRC ) with US Dollar pair.
On a daily time frame, LRC is about to complete the final leg of a bullish Cypher move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Interesting setup -
LRC entering into a historical accumulative zone, strong support. Both high TFs and low TFs same
Very high R:R (1:4) trade potential - long only, with close invalidation -
Note: high volatility and lowish capital flow - set wide stops and trade without margin
Partial complex cypher formation with termination around the 0.618 to 0.712 zone...
Hi,
LRC has formed the descending triangle.
support area is marked in purple.
RSI is moving down to bottom area. price movement may move to sideways or go down to retest the support area.
Volume is keep getting low
MFI is moving downwards
future targets have been marked
ROI is good.
Good luck
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