$LRC : Volatility Compression & Accumulation Structure 🔄

Trading Setup: Long

Entry Zone: 0.063 – 0.065

SL: 0.061

TP1: 0.068

TP2: 0.070

TP3: 0.073

LRCUSDT

Perp

0.06648

+12.67%

Technical Analysis

$LRC (Loopring) is currently navigating a phase of volatility compression following a recent sharp volatility spike. The price action is consolidating tightly above the 0.0640 short-term support, suggesting a period of accumulation as the market digests the recent move.

Outlook:
This tight range often precedes a secondary expansion. As long as the 0.0640 level is defended, the structure favors a bullish breakout, aiming for a push toward the 0.0700 resistance and the 0.0730 extension. A drop below 0.0630 would signal a failure of this accumulation pattern.