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Loopring / TetherUS PERPETUAL CONTRACT

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LRCUSDT.P trade ideas

Loopring (LRC)On the above 1-day chart price action has increased 600% since late July, amazing. A ‘incredible sell’ signal has now printed indicating the probability of further upside is limited for the time being. Is it possible price action increases further? For sure. Is it probable? No. A breakout above $1.44 could occur, in that situation look for an exit around $2.10. As the correction takes place look for support around 86 cents and then 66 cents. Historically speaking the 50-day EMA (blue line) has offered strong support when price action was in a uptrend. It is currently at 70% correction away! Good luck. WW
Short
by without_worries
5
LRC/USDT SHORT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick LRC/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:-LRC/USDT 4 Hours Update Triangle pattern has broken from the downside and continues like down we can short buy here in CMP with low leverage per 2x or 5x and hold 1st, 2nd, 3rd, and 4th to the target. Entry:-CMP SHORT BUY Target:- 20% to 30% Stop loss:- 0.9867 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language Do hit the like button if you like it and share your charts in the comments section. Thank you.
Short
by CryptoSanders9563
LRC Channeling (sort of)I've attempted to read LRC last week, and kind of succeeded. Drawing an ascending channel from January 21st, LRC has reached the top of it. Coincidentally the price is in the Golden Pocket of the Fibonacci Retracement taken from the high of January 19th to the low of January 22nd. If there is a decisive brake down from the Golden Pocket, I expect LRC heading towards the 0.5 (~ 0.9462) Fibonacci Retracement level. Ideally that'll happen at the intersection of the Ascending Channel center line and 0.5 Fib retracement level. Two notable points of interest on the chart are: #1 The beginning of Daily Support channel, tested a few times since February 2021. Ranging from 0.91 to 0.7475 #2 Hourly Support since January 21st 2022. Ranging from 0.8716 to 0.8680 Support lines come into play if LRC reaches and breaks through 0.5 Fibonacci Retracement level. Target 1 = 0.5 Fib Retracement (~ 0.9462) When in trade I keep to a strict Risk Management plan and keep an eye on BTC This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! BINANCE:LRCUSDT BYBIT:LRCUSDT FTX:LRCUSD
Short
by WhoIsWu
LRC 1D Careful, maximum is close, and then it will hurtToday we will consider the trading pair LRCUSDT. There is not much to write here, a long accumulation of Loopring token around $0.40-0.50 has logical completion — the price pump. The trigger for the jump probably was some important news for the project, right? Please share the information in the comments below the idea. Also, similar consolidation was observed in LRCBTC pair , there price reaches strong liquidity zone from above. At the moment the lucky ones can fix x7 profit, maybe even the price of LRCUSD will give x10 at around $4-4. 40, but you should not test your fortune, because the price is very high and the downfall might be very painful , around $0.90-1.00. We had a similar situation in IOTEXUSDT, and we warned crypto-market participants very timely that they should forget about longs and gave them levels to buy again. You can see the result in the idea below. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
42