$LA Sharp Drop Into Support
LA is currently trading at $0.3578, down -4.33% on the day. After failing to sustain above $0.3650, the price dropped sharply toward immediate support, highlighting strong selling pressure in the short term.
Key Levels to Watch
• Resistance: $0.3650 – A rebound above could lift the price toward $0.3700 and $0.3750.
• Support: $0.3550 – A breakdown here may expose the price to $0.3500 and $0.3450.
Trade Setup – Volatility Rising
• Bullish Entry: A confirmed move above $0.3650 could target:
• TP1: $0.3700
• TP2: $0.3750
• Bearish Entry: A drop below $0.3550 could target:
• TP1: $0.3500
• TP2: $0.3450
Market Outlook
The sudden sell-off signals caution, as on-chain data warns of higher volatility from large token transfers. Traders should watch for stabilization at support or risk further downside if selling pressure continues.