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Loopring / TetherUS PERPETUAL CONTRACT

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LRCUSDT.P trade ideas

LRCUSDT is testing the supportLRCUSDT has experienced a clear bearish impulse in the past, and is currently in a consolidation phase. The price is now testing a key support level at the $0.35 area, which is an important level to watch for traders. According to Plancton's Rules, if the price of LRCUSDT breaks below the key support level and starts to trade below it, it could be a signal for new short positions to be initiated. ––––– 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. Follow the Shrimp 🦐
by InkyGrip
5
LRC: Pullback in UptrendLoopring (LRC) technical analysis: Trade setup: Following a bullish breakout from Falling Wedge pattern, price reached our target $0.50 where it got rejected. Pullback near $0.30 support and 200-day moving average could be a swing entry. Momentum is inflecting bullish again (MACD Histogram rising). Trend: Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance: Nearest Support Zone is $0.30, then $0.20. The nearest Resistance Zone is $0.40, then $0.50.
Long
by altFINS
LRC BULLS TO TAKE OVER Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. QUICK UPDATE ON LRC As we can see price is still overall bearish making clean lower lows and lower highs However, price now is around a strong support zone where we will be looking for new bullish reversal. So, for the bulls to kick in from a short-term perspective we need a break above the marked major swing high. Until that happens, we are still bearish, and price can still dive more before reversal If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali