$LA
✅ Key Highlights from the Chart
1. Trend Reversal in Progress
Price has bounced strongly from the recent bottom at $0.2917.
It's now above both the 7 MA ($0.3154) and 25 MA ($0.3103) → a bullish crossover signal.
Price is approaching the 99 MA at $0.3412, which is the next critical resistance.
2. RSI (Momentum Analysis)
RSI(6) = 71.59 → Overbought zone.
RSI(12) = 61.09 → Strong bullish momentum.
RSI(24) = 52.06 → Slightly bullish.
📌 Interpretation: Strong buying pressure, but RSI above 70 signals potential short-term pullback or consolidation.
3. Price Structure
Support Levels:
$0.3155 (recent breakout zone, now turned support)
$0.3100–$0.3030 zone (MA25/MA7 zone)
$0.2917 (recent swing low – critical support)
Resistance Levels:
$0.3412 (MA99) – Next strong resistance
$0.3463 – Recent high before breakdown
$0.3771 – Next major upside level
4. Volume
Volume is increasing during this up move → confirms buyer confidence.
🔍 Conclusion
Momentum: Bullish (short-term rally in progress)
Current Challenge: Breaking $0.3412 (MA99)
Overbought Risk: RSI suggests a small pullback may occur soon before further breakout.
📈 Trade Idea (Short-Term)
Entry Targets Stop Loss Notes
$0.320–$0.324 $0.341 → $0.346 Below $0.310
Consider partial profits near resistance