$LA / USDT — Bearish Momentum Trade Signal
Support & Resistance:
Support: $0.3598
Resistance: $0.4012
$LA is in a downtrend, currently retracing from a recent high. Key Fibonacci levels may serve as potential reversal points:
23.6%: $0.3790
38.2%: $0.3845
50.0%: $0.3895
61.8%: $0.3945
RSI (Relative Strength Index):
Value: 35 — approaching oversold territory, suggesting a possible upward correction.
Entry Zones:
Safer: $0.3598–$0.3650 (near support)
Aggressive: $0.3700–$0.3750 (around 23.6% Fibonacci)
Take-Profit Targets:
TP1: $0.3790 (23.6% Fibonacci)
TP2: $0.3845 (38.2% Fibonacci)
Stop-Loss Suggestions:
Conservative: $0.3550 (below support)
Tight: $0.3575 (just below recent low)
Summary:
$LA may be primed for an upward correction from oversold levels. Traders could consider entering near support zones while managing risk with carefully placed stop-losses and taking profits at key Fibonacci reversal points.
