Hi guys,
Long trade on LRCBTC, that kind of reversal configuration occured a lot in the other altcoin markets.
In hindsight, LRCBTC goes under the principal channel (dated from the listing on Binance). The price is considered as undervalued.
The historical moves shows great reaction of the market.
Loopring is a nice project for traders. The team is transparent and regularly gives news and updates about the project. (medium.com/loopring-protocol)
Moreover, we have a potential W pattern, target 2.618 fib resistance and the mid of the channel, in other words ~35-40% profits within 1-2 weeks.
We approaches the 100 MA, all reversal configurations in other altcoin markets have shown a bullish flow breaking that MA.
RSI is strong and the price pushes the upper resistance of bollinger bands. My opinion : the bullish flow is near.
The risk on that trade is 12%, so capital allocated 33% to risk only 4% of your final capital.
Have a nice week-end, don't forget to do your own opinion on that situation, the most important is not to be right or wrong on the future, but to follow one strategy that makes you win.
Long trade on LRCBTC, that kind of reversal configuration occured a lot in the other altcoin markets.
In hindsight, LRCBTC goes under the principal channel (dated from the listing on Binance). The price is considered as undervalued.
The historical moves shows great reaction of the market.
Loopring is a nice project for traders. The team is transparent and regularly gives news and updates about the project. (medium.com/loopring-protocol)
Moreover, we have a potential W pattern, target 2.618 fib resistance and the mid of the channel, in other words ~35-40% profits within 1-2 weeks.
We approaches the 100 MA, all reversal configurations in other altcoin markets have shown a bullish flow breaking that MA.
RSI is strong and the price pushes the upper resistance of bollinger bands. My opinion : the bullish flow is near.
The risk on that trade is 12%, so capital allocated 33% to risk only 4% of your final capital.
Have a nice week-end, don't forget to do your own opinion on that situation, the most important is not to be right or wrong on the future, but to follow one strategy that makes you win.