$LA/USDT has surged from $0.988 to $1.794, currently consolidating around $1.66. This 63% rally is driven by strong momentum indicators:
RSI (6): At 82.76, indicating overbought conditions.
MACD: Strongly bullish.
Volume: Surging to 1.4B, suggesting potential exhaustion.
Open Interest: Increasing, indicating fresh liquidity entering the market.(crypto.com)
The price is holding above EMA(7) at $1.595 and EMA(25) at $1.436, confirming a strong uptrend.
Trading Strategies:
Long Position (Bullish Trade):
Entry: Consider entering near $1.60 upon observing a bullish engulfing candle.
Take Profit (TP): Targets at $1.75 and $1.88; consider trailing above $2.00 if momentum continues.
Stop Loss (SL): Set at $1.44.
Leverage: Use a maximum of 5x leverage.(investopedia.com)
Short Position (Bearish Trade):
Entry: Look for entry between $1.75–$1.79, especially if there's a rejection in this zone.
Indicators: Watch for 15-minute RSI bearish divergence or weakening MACD.
Take Profit (TP): First target at $1.60, second at $1.48.
Stop Loss (SL): Set at $1.81.
Note: Use tight stop-losses; shorting in strong momentum is risky.
Summary:
The uptrend remains intact, but overbought RSI and high volume suggest a potential for profit-taking. Scalping in both directions with precision is advisable. Monitor for volume drops or MACD curve changes as signs of a possible reversal.(crypto.com)
Stock market information for Lagrange (LA)
Lagrange is a crypto in the CRYPTO market.
The price is 1.66 USD currently with a change of 0.19 USD (0.13%) from the previous close.
The intraday high is 1.73 USD and the intraday low is 1.073 USD.