Summary
$LRC exploded upward with a massive breakout candle, jumping from the 4H low near 0.0478 all the way to 0.0916 before cooling off. Momentum has shifted aggressively in favor of the bulls.
Chart Notes
• 24h Range: 0.0496 – 0.0916
• Major Breakout High: 0.0916
• Trend: Turning bullish after a long accumulation period
• Volume: Huge spike — confirms strong buyer dominance
• Structure: Clean breakout from multi-day sideways compression
Why the Move?
$LRC was stuck in a quiet consolidation phase for days, trading tightly around the MAs. Once the price broke above 0.055, buyers rushed in with a vertical impulse move, smashing through the 25MA and 99MA with ease. The size of the breakout candle indicates fresh interest and possible trend reversal.
Key Levels
• Support: 0.0645 – 0.0650
• Major Support: 0.0550
• Immediate Resistance: 0.0745
• Strong Resistance: 0.0840 – 0.0916
• Breakout Confirmation: A 4H close above 0.0745 would strengthen bullish continuation
Outlook
Bias remains bullish, but price is currently cooling off after an overextended move. Some consolidation or a retest toward 0.064–0.066 would be healthy before the next leg up. Bulls want to defend the 7MA to keep momentum alive.
Trading Idea (Not Financial Advice)
• Bulls: Look for retests of 0.064–0.066 or breakout continuation above 0.0745.
• Bears: Watch for rejection candles near 0.084–0.091 if the rally overheats.
• Safer traders: Wait for structure confirmation above 0.0745.
