$LA My latest follow-up on the LA/USDT pair noted that the price is currently trading around 0.40 USDT after a decline from the previous peak at 0.4675. This level is considered a strong support area, as maintaining it could support a new rally towards levels of 0.45 – 0.47.
The trading plan I am currently working with is to enter near 0.40 with a stop loss at 0.37 to reduce risks, and targeting profit taking at 0.45 as the first target and 0.47 as the second target. The high trading volume recently (around 7.8 million) indicates strong interest from traders, which increases the likelihood of a significant price movement.
Capital management remains fundamental, so I set a limited risk ratio against a higher profit opportunity, which I consider a practical approach to dealing with the volatility of the cryptocurrency market.
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