LRCUSDT trade ideas
Play The Algos.Finding similarities to catch pumps before they happen, Theme here is layer 2 scaling and it's clear they're on a similar Algo, is it really hard to figure out what's coming next on Skale(SKL), Skale is also a very good project and I have previous calls on it > see you guys in the future where SKL moons hard.
LRCUSDT long* I was toying with this chart and teaching my 9yo daughter the relationship between chart patterns and market psychology yesterday. Unfortunately, I did not publish my idea prior to the pump. Well...
* This pump may be the result of Loopring releasing news relating to Layer-2 NFTs. More news to be released soon.
* Anyway, LRCUSDT has broken out of the ascending parallel channel, forming both a potential inverse H&S and a cup and handle. Confluence and the levels align very nicely with the fib levels.
* Those who bought in near the bottom of the ascending parallel channel can take profits now.
* Or do so upon completion of the confluent inverse H&S and cup and handle.
* I personally favour the latter approach.
* Of course, nuch depends on DXY (see linked idea).
LRCUSDT is testing the daily resistance 🦐LRCUSDT is testing the daily resistance 🦐
IF the price is going to have a breakout According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
LRC falling wedge breakoutThe price broke out of the formation and is currently consolidating on an important level (0.4066). Claiming this level should trigger more buying pressure.
-- NOTE: In general altcoins started to be more sensitive to bitcoins moves which means some sort of uncertainty came to the market --
TP: 0.4845 (~20%)
TP2: OPEN++
SL: 0.3765