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
