$LA Alert: Massive Sell Pressure or a Bear Trap?
$LA is showing a textbook "Bearish Continuation" pattern! After breaking below the critical $0.25 support, the price is struggling to find buyers. On-chain data is the real story here: over 40M tokens (20% of supply) just moved to exchanges, signaling that the "Smart Money" might be preparing for an exit.
The Short Setup:
Entry Zone: $0.205 – $0.215 (Selling the "Dead Cat Bounce")
Target 1: $0.175 (Historical Low - 15% Gain)
Target 2: $0.150 (Psychological Floor - 28% Gain)
Target 3: $0.120 (Extreme Capitulation Zone)
Stop Loss: $0.235 (Exit if the $0.25 reclaim attempt succeeds)
💡 Why the Bearish Bias?
Broken Structure: LA has lost its primary ascending trendline and is now printing lower highs on the 4H chart.
Token Inflow: Large exchange deposits typically precede a price "bleed" as the market absorbs the new liquidity.
Binance Margin Delisting: Recent changes to margin pairs on Binance are forcing traders to close positions, adding to the forced selling pressure.
⚠️ Risk Note: The RSI is technically oversold. Expect sharp, short-lived "relief rallies"—these are often traps. Enter on the rejection, not the dump!
Is $LA heading to zero or is this the ultimate discount? 👇 Vote below: 🐻 Bearish or 🐂 Bullish?
