lcx

LCX is currently at 0.0391. The daily chart shows a weak rebound, with bears in control. On the 4-hour and 1-hour charts, we've got a bearish crossover (a signal for a potential fake-out). Resistance levels are at 0.0405 and 0.0420, while support levels sit at 0.0375, 0.0360, and 0.0345. I'm looking to short between 0.0388 and 0.0393, with a stop loss at 0.0420. First take profit at 0.0375, second take profit at 0.0360, and ultimate take profit at 0.0345. The logic: a short-term rebound lacks volume and hits resistance, overbought with a bearish divergence, liquidity is exiting, and sell pressure continues to dominate. This rebound is a bait for longs. Breaking below 0.0375 confirms a pullback, with targets sequentially lower. ⚠️ This is a technical analysis #lcx