LRCUSDT , ACCUMULATION BULLISH RALLY?
Hello Traders,
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
- Looking at how LRC is moving on the 1D time frame chart is tell us that the price is about to breakout from the upper trendline resistance with a decent amount of volume , price was accumulating for a decent time on
support level 0.3300$ - 0.3600$ which tell us that buyers have an interest to take the price higher towards the nearest strong resistance level 0.5200$-0.5600$ and progressively higher
- If buyers succeed to break the trendline then we might retest it and go from there , we can ride the breakout or wait until it's confirmed and take a long position from there with a suitable risk to reward ratio , please
manage to put your stop loss far from the market noise in order to avoid stop loss hunting.
- If buyers failed to breakout then we can have a small pullback towards old support level 0.3300$
