$LRC
[ LRC/USDT - Wait for Pullback to Buy ]
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▶ Entry Zone: 0.0970 - 0.1000
✅ Take Profit 1: 0.1100
✅ Take Profit 2: 0.1170
⛔ Stop Loss: 0.0940
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📊 Indicators:
- Price above EMA 50 & EMA 200 on H4 (Strong Bullish Trend)
- RSI on H4 and H1 in overbought territory (Warning)
- Bullish momentum still strong but needs a pullback
🎯 Trigger: Pullback to support zone 0.0970-0.1000 with a bounce
⚠️ Alternative Scenario (Sell):
If price breaks below 0.0940 (Stop Loss), it might target 0.0885
📣 Market Context:
- LRC News: (Watch for Loopring network announcements)
- Bitcoin News: (Overall rally supports but may cause correction)
📈 Summary:
The recommendation is to wait for a pullback to the support zone before buying, and avoid buying at current levels due to overbought conditions.
