$LRC 🚀 STRONG BULLISH MOMENTUM 🚀
🔄 LRC (Loopring) – Short-Day Trading Strategy
Current Price: $0.0824
24H Volume: $1.96M
Volatility: Low to Moderate
Token Focus: Ethereum Layer-2 zkRollup DEX protocol with periodic retail buzz
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📊 Technical Analysis
🔹 Key Levels
Resistance Zone: $0.0850 (minor swing high) → potential breakout level
Immediate Support: $0.0800 (strong bounce area & volume node)
Major Support: $0.0765 (May low)
🔹 Indicators
RSI (1H): 54 → Neutral; no major buying/selling pressure
MACD (1H): Narrowing gap; waiting for direction
EMA 20/50/200 (1H): Price hovering above EMA 50; indicating base forming
Volume: Slightly rising; no large breakout yet
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📈 Short-Day Trading Strategy
🔸 Breakout Entry Strategy
Entry: $0.0852 on volume spike (15-min candle close)
TP1: $0.0879
TP2: $0.0905
TP3: $0.0105
SL: $0.0818 (just below short-term base)
🔸 Support Bounce Strategy
Entry: $0.0805–$0.0810 (support & EMA confluence zone)
TP: $0.0845
SL: $0.0790
Use 1–2% trailing SL if trade flips positive quickly
🔸 Sideways Scalping Range
If price remains range-bound ($0.080–$0.084), use small size, quick in/out
Buy near $0.080, sell near $0.084 with tight SLs
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🧠 Market Sentiment
Source Sentiment Comments
Retail Traders Cautiously Bullish Eyeing $0.09 reclaim
Social Media Buzz Low Limited current hype
On-Chain Activity Neutral Moderate wallet activity, no spikes
Derivatives Light Volume No major funding or OI shifts
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⚠️ Risk Assessment
Risk Factor Risk Level Notes
Liquidity 🟡 Moderate $1.96M volume — tradable but tight spread possible
Whale Movements 🔴 High Past dumps on rallies
📘 Disclaimer
> This content is for informational purposes only and does not constitute financial advice. Cryptocurrency trading is highly volatile and involves risk. Always conduct your own research and use risk management strategies such as stop-loss orders. Only trade with funds you can afford to lose.