📈 Price Action Summary
Current Price: $1.459
24h Change: +40.42% — significant bullish momentum
24h High: $1.794
24h Low: $0.988
Mark Price: $1.461
Volume: High activity — 818.35M LA and 1.14B USDT traded
Fibonacci Retracement Analysis
The Fibonacci levels are drawn from the swing low at $0.988 to the swing high at $1.795. Key levels:
Level Price Status
0.236 $1.658 Resistance
0.382 $1.573 Rejected
0.5 $1.504 Currently near this level
0.618 $1.436 Support area
0.786 $1.338 Deeper support
1.0 $1.213 Full retracement
Price is currently hovering around the 0.5 Fibonacci level, which is often a key decision zone.
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🕯️ Candlestick Pattern
After a strong bullish impulse from ~$0.988 to ~$1.795, there's a pullback happening.
The most recent candles show selling pressure, but the price is stabilizing near the 0.5 level, indicating possible buying interest or consolidation here.
⚡ SCALPING TRADE SETUP (Short-Term: 15min–1hr)
Goal: Quick profits from short moves within a small price range.
✅ Buy (Long) Setup
Entry Zone: $1.436 – $1.459 (around 0.618–0.5 Fib level)
Stop Loss: $1.420 (just below 0.618 retracement)
Target 1: $1.504 (0.5 Fib level)
Target 2: $1.573 (0.382 Fib level)
📈 Risk-Reward Ratio: Around 1:1.5
Reasoning:
Strong bounce from 0.618 Fib.
Price stabilizing around 0.5 zone — ideal for a quick bounce.
#LAUSDT