đąđ Trading Signal for Loopring (LRC/USDT) đ
âą Pattern: đ Consolidation
âą Current Price: đ° $0.12172
âą Demand Zone: đą $0.11125 - $0.11644
âą Supply Zone: đŽ $0.13349 - $0.13599
âą Trade Setup:
âą Entry Point (Long): đ $0.1127
âą Stop Loss: đ« $0.10788 (Below the demand zone)
âą Take Profit Levels:
1. TP1: đŻ $0.12764 đ
2. TP2: đŻ $0.13346 đ
âą Risk/Reward Ratio: âïž 2:1 (Assuming take profit at $0.12764)
âą Analysis:
âą đ The price is currently in a symmetrical triangle pattern, indicating potential breakout.
âą đĄïž Thereâs a strong demand zone at $0.11125 - $0.11644 which can act as a good support level.
âą đ Expected bullish breakout leading towards the supply zone, aiming for take profit levels at $0.12764 and $0.13346.
âą Recommendation:
âą đĄ Buy within the demand zone, around $0.1127.
âą đ Monitor price action around the symmetrical triangle; a breakout above could lead to hitting the take profit levels.
đ Disclaimer:DYOR and NFA.
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