📉 $LA/USDT Technical Analysis (4H Chart)
LA is currently trading at $0.2955, down -8.34% over the past 24 hours, with a local low of $0.2917 just tested. Momentum is clearly bearish, and the downtrend remains strong across all timeframes.
🔻 Trend Outlook
• Price is below all major moving averages:
• MA(7): $0.3039
• MA(25): $0.3199
• MA(99): $0.3493
• All MAs are sloping downward = bearish structure confirmed
🧠 RSI Insights
• RSI(6): 22.8
• RSI(12): 28.7
• RSI(24): 35.0
→ All RSI values are deep in oversold territory, suggesting a short-term bounce may occur. But don’t mistake this for a reversal—momentum remains negative.
🔑 Key Levels
• Immediate Support: $0.2917 (recent low)
• Immediate Resistance: $0.3039
• Major Resistance Zone: $0.3199–$0.3493
🛠️ Strategy Suggestions
Bearish traders (short-term):
→ Look for rejection around $0.303–0.319
→ Target: Retest $0.2917 or even lower toward $0.284
→ Stop-loss: Above $0.321
Aggressive bulls (scalpers):
→ Entry near $0.292
→ Target short bounce to $0.303
→ Tight stop-loss under $0.289
⚠️ Caution: The price action is fragile. Breaking below $0.2917 could accelerate the downtrend. Wait for confirmation before jumping in. Patience > Emotion.
