LRCUSDT is testing the resistance inside the Bullflag
Updated
The LRCUSDT pair recently experienced an impressive bounce from the daily demand zone at the 0.2$ level.
The price is now creating a bull flag, which is a technical chart pattern that is typically seen as a bullish signal in the market.
A bull flag is characterized by a period of consolidation or a slight pullback after a strong uptrend, forming a flag-like shape on the price chart.
Traders and investors who follow technical analysis may look for a potential breakout above the daily resistance at the 0.42$ area, which could signal a continuation of the uptrend and potentially offer new buying opportunities.
According to Plancton's rules, a successful breakout from the bull flag could be a suitable time to consider opening a new long position in the LRCUSDT market.
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Follow the Shrimp 🦐
Keep in mind.
The price is now creating a bull flag, which is a technical chart pattern that is typically seen as a bullish signal in the market.
A bull flag is characterized by a period of consolidation or a slight pullback after a strong uptrend, forming a flag-like shape on the price chart.
Traders and investors who follow technical analysis may look for a potential breakout above the daily resistance at the 0.42$ area, which could signal a continuation of the uptrend and potentially offer new buying opportunities.
According to Plancton's rules, a successful breakout from the bull flag could be a suitable time to consider opening a new long position in the LRCUSDT market.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
Note
the price is following my arrow!
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