LRC/USDT Technical Analysis:💸💵🎯
Key Data:
Current Price: $0.2454 (+0.99%)
24h High: $0.2522
24h Low: $0.2356
24h Volume (LRC): 38.97M LRC
24h Volume (USDT): 9.47M USDT
Moving Averages:💰
MA(7): $0.2446 (short-term)
MA(25): $0.2427 (mid-term)
MA(99): $0.2365 (long-term)
Support and Resistance:
Resistance Levels:💷
$0.2522 (24h high) is a key resistance level. A breakout above this could drive further bullish momentum.
Support Levels:
$0.2427 (25-day MA) offers solid support.
$0.2356 (24h low) is another important support level.
Trading Strategy:💥
Entry Levels:
1. Conservative Entry:
Enter near $0.2427 (25-day MA) or around $0.2356 (24h low) for safer positions with good risk management.
2. Aggressive Entry:
Consider entering on a breakout above $0.2522 for short-term momentum plays.
Targets:🚀
1. Target 1 (Short-term):
$0.2522 (24h high) for immediate gains.
2. Target 2 (Medium-term):
A potential rally toward $0.2560 if the uptrend continues.
Stop-Loss:👈
1. Stop-Loss 1:
Set a stop-loss at $0.2427 (25-day MA) to manage downside risk.
2. Stop-Loss 2:
Alternatively, place a stop near $0.2356 (24h low) for more flexibility.
Conclusion:🗣️
LRC/USDT is showing mild upward momentum, trading at $0.2454, up 0.99%. With the 24h high at $0.2522 acting as resistance and $0.2356 providing strong support, traders may look for breakout or retracement opportunities. The pair is hovering near the MA(7) of $0.2446, signaling short-term strength