$LA /USDT 15-minute chart, here's a quick analysis using price action, volume, and moving averages (MA):
🔍 Quick Technical Analysis
📉 Recent Trend:
Sharp pump to $0.705 followed by a steady dump.
Now hovering around $0.522, just under the MA(99) — $0.540.
MA(7) and MA(25) are both pointing down, signaling short-term bearish pressure.
Volume is dropping, indicating momentum exhaustion.
📊 Key Levels:
Resistance:
$0.540 (MA 99 & former support)
$0.576 and $0.620
Support:
$0.494 (recent low)
$0.480 zone if $0.494 breaks
✅ Recommendation (Short-Term View – Scalping/Intraday):
⚠️ Wait & Watch
Price is below key MAs, showing no confirmed reversal yet.
Volume is low; no strong buyer support.
The risk of further drop to $0.49 or $0.48 is still alive.
🔄 Suggested Strategy:
Buy only if price reclaims $0.540 with strong volume (bullish engulfing candle confirmation).
Sell/short only if price breaks $0.494 and closes below with strong volume.
Otherwise, wait in sidelines for a clearer setup.