$LRC here is the analysis for the next 12 hours, including entry and stop-loss (SL) strategies:
Chart Analysis
1. Current Price: $0.24022.
2. Moving Averages (MA):
The short-term MA (yellow) shows a strong upward trend.
Price is above all major MAs (bullish bias).
3. Volume:
Volume is increasing significantly, indicating strong bullish momentum.
4. RSI Indicator:
RSI is nearing the overbought level (93), suggesting a potential small correction before continuing the trend.
5. MACD Indicator:
MACD histogram is positive, and the MACD line is above the signal line, confirming a strong bullish trend.
6. KDJ:
Stochastic K and D lines are above 80 (overbought zone), indicating a possible small retracement.
7. OBV:
OBV is increasing, signaling strong accumulation.
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Trading Strategy Recommendation
Buy Entry:
Wait for a slight correction to the $0.2350 - $0.2370 range.
Ensure the price remains above the short-term MA (MA10) to confirm support strength.
Stop-Loss (SL):
Place SL at $0.2290 (below the previous support level).
Take Profit (TP):
TP1: $0.2450 (nearest resistance level).
TP2: $0.2500 (next psychological resistance if bullish momentum continues).
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Important Notes:
Monitor changes in volume and significant candlestick patterns over the next 1 hour to spot potential reversals.
If there’s a strong breakout above $0.2450 with high volume, you can adjust the TP to $0.2550.
Always implement good risk management (limit exposure to 1-2% of total capital).