🚨 LRC/USDT: Is the Wait Over? Breaking Down the Consolidation!

Market Outlook: After a prolonged downtrend, LRC has been consolidating within a well-defined symmetrical triangle pattern. A successful breakout above resistance on higher timeframes could signal a reversal, while a breakdown below support would likely lead to further downside. Overall sentiment remains cautious, but some indicators hint at potential bullish movement.

💡 Futures Trading Plan (Neutral Stance):

🟩 Long Entry Trigger: Look for a confirmed breakout and candle close ABOVE the resistance level of $0.0930 on a higher timeframe (e.g., 4H or Daily) with significant volume. A retest of this level as support would offer a more conservative entry.

💰Targets: $0.1010, $0.1228, and potentially higher toward $0.1400.

🛑Stop Loss: Below the breakout candle's low or below the support of the symmetrical triangle at $0.0880.

🟥 Short Entry Trigger: Consider a short if the price breaks BELOW the support level of $0.0880 with a closing candle on a higher timeframe, confirming the continuation of the bearish trend.

💰Targets: $0.0860, $0.0840, and lower toward the historical low.

🛑Stop Loss: Above the breakdown candle's high or above $0.0900.

Your Action Plan:

01 - Wait for Confirmation: Do not enter a trade until a clear breakout or breakdown is confirmed by a candle close on your chosen timeframe. The symmetrical triangle is a neutral pattern, so patience is key.

02 - Use a Stop-Loss: Always protect your capital. A stop-loss is essential, especially with volatile assets like LRC.

03 - Manage Your Risk: Consider position sizing appropriate for your risk tolerance. Do not over-leverage, given the inherent risks.

📢 What are your thoughts?

Vote: Do you think LRC will break out to the upside or breakdown for further losses?

Breakout to the Upside

Breakdown to New Lows

Comment: Share your analysis below!