$LRC bounced off $0.064 and reclaimed $0.068 🚀
Forming a bullish flag on 4H — a breakout above $0.070 could target $0.074–$0.078!
📈 Entry: $0.068–$0.069
📉 SL: $0.066
🎯 Targets: $0.074 / $0.075 / $0.078
Volume rising, buyers defending support — next move could be explosive! ⚡
🧩 Technical Setup
LRC/USDT bounced off the $0.064 support zone, confirming strong demand at lower levels.
The price reclaimed $0.0685, breaking a short-term resistance and forming a higher low, which signals the start of a potential bullish continuation.
Currently, Loopring is consolidating below $0.070, forming a bullish pennant/flag pattern on the 4H chart — a classic continuation structure.
A confirmed 4H candle close above $0.070 could trigger the next upward leg toward $0.074–$0.075, with a potential extension to $0.078–$0.080 if momentum sustains.
💡 Why This Setup Works $LRC
Support Bounce: $0.064 held as a strong buying zone multiple times.
Breakout Retest: Price reclaiming $0.068–$0.069 shows buyer conviction.
Bullish Flag Formation: Indicates continuation of short-term momentum.
Volume Support: Moderate but rising volume confirms steady accumulation.
🧠 Strategy Notes
Wait for a 4H candle close above $0.070 for a confirmed breakout entry.
Re-entry possible near $0.068 on pullbacks with tight stop.
Suitable for short-term swing traders aiming for 8–12% upside.
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