Hello everyone,
I just quickly browsed the M15 frame of the pair $LRC/USDT and noticed a potential price structure for a SHORT swing trade. This trade is for those who like to trade quickly. Let's take a look at the analysis and trading plan below.
TRADE INFORMATION
Trading pair: #LRC/USDT
Direction: 🔴 SELL / SHORT
Entry zone: 0.07121 - 0.06914
Take Profit targets:
TP1: 0.06879
TP2: 0.06670
TP3: 0.06462
TP4: 0.06253
TP5: 0.06045
Stop Loss point: 0.0739798
ENTRY POINT ANALYSIS
Technical Analysis (TA):
On the 15-minute timeframe, the price is showing signs of weakness as it approaches the resistance area around 0.071 - 0.072. A few rejection candles have appeared here, indicating that sellers are beginning to gain an edge in the short term.
Oscillators like RSI are also in the high zone, reinforcing the possibility that the market needs a corrective dip before it can rise further.
Risk Management:
This is a scalping trade, so the risk will be higher than usual. You should enter the trade with a small capital proportion.
The Stop Loss point is set just above the resistance area, which is a safe defensive point to limit losses if the price unexpectedly breaks upwards.
Recommended leverage: Up to 10x. However, you should adjust according to your own risk tolerance, with 3x-5x being a safer level for newcomers.
