🟢🚀 Trading Signal for Loopring (LRC/USDT) 🚀
• Pattern: 📐 Consolidation
• Current Price: 💰 $0.12172
• Demand Zone: 🟢 $0.11125 - $0.11644
• Supply Zone: 🔴 $0.13349 - $0.13599
• Trade Setup:
• Entry Point (Long): 🛒 $0.1127
• Stop Loss: 🚫 $0.10788 (Below the demand zone)
• Take Profit Levels:
1. TP1: 🎯 $0.12764 📈
2. TP2: 🎯 $0.13346 🚀
• Risk/Reward Ratio: ⚖️ 2:1 (Assuming take profit at $0.12764)
• Analysis:
• 📊 The price is currently in a symmetrical triangle pattern, indicating potential breakout.
• 🛡️ There’s a strong demand zone at $0.11125 - $0.11644 which can act as a good support level.
• 📈 Expected bullish breakout leading towards the supply zone, aiming for take profit levels at $0.12764 and $0.13346.
• Recommendation:
• 💡 Buy within the demand zone, around $0.1127.
• 👀 Monitor price action around the symmetrical triangle; a breakout above could lead to hitting the take profit levels.
🔔 Disclaimer:DYOR and NFA.
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