$LRC has surged 5.53% in the last 24 hours, currently trading near the upper Bollinger Band at 0.1178. This positioning suggests potential overextension, cautioning against aggressive buying unless clear breakouts occur above resistance at 0.1189. Support lies at 0.0977. With volatility appearing to be contracting, traders should consider setting alerts around the upper band. A prudent risk management strategy would involve a stop-loss just below the lower band at 0.1106. Recommended action: wait for confirmation or a pullback before entering long positions.
