$LRC /USDT – Potential Short Setup Developing
trade setup :
Current Price: $0.1048
After a sharp move up to $0.1258, Loopring ($LRC ) is showing clear signs of exhaustion. The asset is printing strong bearish candles, indicating weakening bullish momentum and potential for a downside continuation.
Key Resistance Zone: $0.1120 – $0.1160
Immediate Support Levels:
$0.1000
$0.0950
$0.0910
Short Trade Idea:
Entry Zone: $0.1055 – $0.1085
Take-Profit Targets:
TP1: $0.1000
TP2: $0.0950
TP3: $0.0910
Stop-Loss: Above $0.1125
Technical Insight:
Lower highs, failed breakout attempts, and sustained selling pressure signal a classic distribution phase. This setup favors short-term bearish trades, particularly for scalpers and intraday traders. Monitor closely for volume confirmation and momentum shift.
