🔴$LRC
BEARISH TECHNICAL ANALYSIS – DOWNSIDE MOVE LIKELY
$LRC is showing weakening bullish momentum after failing to hold above its recent resistance zone. The chart displays a clear lower-high formation followed by rejection, indicating sellers are regaining control. The price is hovering near a breakdown area, suggesting increased risk of continuation to the downside.
Bearish pressure is supported by fading buy volume and repeated rejections near the upper boundary of the range. If the support zone fails to hold, downside extension becomes highly probable.
Targets (TP)
TP1: 0.0570
TP2: 0.0530
TP3: 0.0500
Stop Loss (SL)
Place SL above the rejected resistance zone at 0.0700, where bearish structure becomes invalid.
Risk Management
Risk 1–2% per trade, avoid over-leveraging, and stick to SL without adjusting mid-trade.