LRC 30 minute chart: Another leg up?
Hello hello! LRC seems to be accumulating for another push. If I decide to enter this trade, I would do so around the large, dotted orange line and set my stop loss at the large, pink dotted line. Some key factors I'm looking at:
-All three EMAs have clearly crossed over the 55 EMA
-Slight hidden bullish divergence starting to show
-Accumulation in the wedge
-RSI looks healthy
A candle closing inside the red resistance zone would make me very bullish on this and I will probably enter the trade. My first target would be around the 0.00008986 FIB (3-5%) and let it ride from there on up until RSI reaches overbought or my EMAs begin to death cross again. Let me know your thoughts :)
ROOKIE trader; Follow at your own risk!
-Solid horizontal orange line: I bought at that price
-Dotted horizontal orange line: mock buy, not in the trade yet
-Solid horizontal pink line: Stop loss/sell implemented
-Dotted horizontal pink lines: Targets
-All three EMAs have clearly crossed over the 55 EMA
-Slight hidden bullish divergence starting to show
-Accumulation in the wedge
-RSI looks healthy
A candle closing inside the red resistance zone would make me very bullish on this and I will probably enter the trade. My first target would be around the 0.00008986 FIB (3-5%) and let it ride from there on up until RSI reaches overbought or my EMAs begin to death cross again. Let me know your thoughts :)
ROOKIE trader; Follow at your own risk!
-Solid horizontal orange line: I bought at that price
-Dotted horizontal orange line: mock buy, not in the trade yet
-Solid horizontal pink line: Stop loss/sell implemented
-Dotted horizontal pink lines: Targets
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.