I'll keep this brief. LRC is leading the herd on a bullish breakout day. I'm confident it will eventually hit $1.2, but will need to make a few stops along the way. $0.75 is absolutely key resistance. I will be taking the majority of profit here, and waiting to see how the market reacts. The zone just under $0.50 is also interesting, but I expect less of a pullback here. Let's see what happens.
Note
Smacked into the second target at $0.75. Statistically speaking, I expect a pullback and accumulation cycle to build up energy before rising to the next target, similar to what happened last time when it hit $0.50. Alts have been on fire lately, so I wouldn't be entirely surprised to see it jump straight through. I'm playing it both ways. Sold 50% of my stack anticipating a pullback, and waiting with the rest for higher targets.Trade closed manually
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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.