🟱🚀 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: đŸš« $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.

‱ đŸ›Ąïž 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.

$LRC

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