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LRCUSDT trade ideas

Buy Trade LRC: Boosting DeFi Adoption with Layer 2 ScalingDescription: This trading idea focuses on LRC (Loopring), the native token of the Loopring protocol, a decentralized exchange (DEX) and layer 2 scaling solution on Ethereum. LRC leverages zkRollups, a technology designed to enable fast, low-cost, and secure transactions while retaining Ethereum’s security. Loopring’s goal is to revolutionize decentralized trading and payments by making DeFi scalable, accessible, and user-friendly. With growing interest in reducing congestion and fees on the Ethereum network, LRC offers a compelling solution that benefits both traders and developers seeking scalability. The increasing adoption of DeFi protocols, coupled with Loopring’s focus on layer 2 scaling, suggests potential for further growth. However, market conditions, regulatory changes, and shifts in sentiment within the crypto space can introduce significant volatility, making it essential for investors to exercise caution and employ proper risk management strategies. Disclaimer: This trading idea is provided solely for educational purposes and is not financial advice. Investing and trading in cryptocurrencies like LRC carries substantial risk, including the potential for total loss of invested capital. It is vital to conduct in-depth research, consider your financial circumstances, and consult a professional advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
LRC buy/long setup (4H)From where we placed the green arrow on the chart, we have a bullish pattern on the chart. This pattern is diametric or triangular. In both scenarios, the price can move from the green range to the red box. The targets are marked on the chart. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
LRCBuy when theres panic? This one is a pretty crazy buy thats for sure. Look at this very significant area that lrc is poking right now. Do you take your gamble on this sinking L2 here or are you waiting for 10,9,8,2 cents? Are GME and LRC completely separated? Could LRC have any other NDA right now? What does LRC have coming in the next 6 months, or next year, that looks promising? Are you going to jump onto any rumors and buy again? Has the hack been priced in? Any potential large LRC listings? What is their time expectancy of 'byob'? 5 years, 15 years? Is this a legitimate or even achievable dream legally? Socially? Feels like a shot in the dark while handicapped with no hands at the moment to me. I need more information. Until then I feel I stand a better chance buying lottery tickets.
by Bobron
LRC/USDT Main Trend 08/17/2024Main trend (the most visible part). Logarithm. Time frame 1 week. Loopring is an open protocol for building decentralized exchanges. The price is in the capitulation zone in a local descending wedge, after breaking the long-term horizontal channel. The percentages are shown from the key zones for clarity. The chart also shows the dynamic support/resistance zones of the Gann fan (bullish and bearish). It is worth noting that the price is at a significant profit of crypto funds 4-26X, but most of the volume has already been redistributed. Linear for clarity of the trend. Secondary trend
Long
by SpartaBTC
2
Uncharted trading areaCould be hitting the bottom of a larger form that you can kind of see but i havent drawn to keep it less cluttered. Pretty risky to trade it here not knowing what pattern we are going to follow. Better to wait to see if 13 cents is the new bottom and this current pattern is stronger than the larger whole pattern. I believe crypto is way overdue for alt relief, but total capitulation is very realistic given economic and global events. This is why I'm choosing to wait for 13 cents.
by Bobron
The last bullish chance of LRC in Mid term !Hi. COINBASE:LRCUSDT LRC is in a Bullish phase by Ascending Triangle & Cup & Handle. - You can look for reasons to enter according to your own personal strategy after approval. ❗ Note that if the Triangle is broken down with the power of descending candles, our analysis will fail. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
LRC BUY Based on the provided chart for LRC/USDT on a 1-day timeframe from Binance, here's a detailed trading plan: ### Entry Point - **Entry Zone**: Between 0.2358 and 0.2521 USDT - This range represents a significant support zone where the price is likely to find buying interest. ### Target (Take Profit) Levels - **First Target (TP1)**: 0.3383 USDT - This level is around the 61.8% Fibonacci retracement, which often acts as a strong resistance. - **Second Target (TP2)**: 0.3792 USDT - This level is a higher resistance zone and aligns with the 50% Fibonacci retracement. - **Third Target (TP3)**: 0.4212 USDT - This level corresponds to the 38.2% Fibonacci retracement and is a strong resistance area. ### Stop Loss - **Stop Loss**: 0.1994 USDT - This stop loss level is set below the support zone to protect against a deeper downside move. ### Key Levels and Observations - **Resistance Levels**: - 0.3383 USDT (61.8% Fibonacci retracement) - 0.3792 USDT (50% Fibonacci retracement) - 0.4212 USDT (38.2% Fibonacci retracement) - **Support Levels**: - 0.2521 USDT (current level within the entry zone) - 0.2358 USDT (lower end of the entry zone) ### Technical Indicators - **RSI**: Currently around 42.48, indicating a neutral to slightly bearish market sentiment with no strong overbought or oversold conditions. - **Volume Profile**: Shows high trading activity around the entry zone, suggesting strong interest and potential support. ### Chart Patterns and Analysis - **ABCD Pattern**: This pattern suggests that the price has completed a significant move and is likely to retrace to a Fibonacci level before resuming its trend. - **Volume Profile**: Indicates a significant volume around the current price level, which often acts as a support zone. ### Trade Plan Summary 1. **Enter** the trade within the 0.2358 to 0.2521 USDT range. 2. **Set Stop Loss** at 0.1994 USDT to manage risk. 3. **Target Levels**: - **First Target (TP1)** at 0.3383 USDT. - **Second Target (TP2)** at 0.3792 USDT. - **Third Target (TP3)** at 0.4212 USDT. Always remember to manage your risk appropriately and adjust your trade parameters based on market conditions.
by Kizaru187
LRCUSDT.PHello Trader BINANCE:LRCUSDT.P high time frame 1 day - 4 hours price accumulation is quite long sideways bearish, but for the ltf there is a potential moment to be in the long area. I have determined the limit price, hopefully according to expectations for the future entry area: 0.2517 - 0.2493 take profit 12% stop loss 2.5% Please add a comment and Positive feedback and constructive criticism are important to authors and the community. Disclamer: Not Financial Advice
Long
by mfiqrihanafi
LRC LOOKS BULLISHThis analysis is an update of the analysis that you can see at the bottom of this page, in the related analysis section LRC Diametric seems to be complete. By maintaining the green range, it can move towards the targets. Closing a candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
4