Happy Money Monday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
LRC reached the 84% Fib Level since last week and it is sitting on it at 0.77 as of this writing.
What's next for LRC?
A. Further dipping could bring LRC towards the KEY SUPPORT level at 0.3689 along with its 200 EMA
Breaking KEY SUPPORT is breaking Market Structure and further confirmation of a longer bear season.
The 100% Fib level sits at 0.1741.
B. LRC could consolidate (move sideways) and move towards the Red Resistance Trend Line.
C. The most unlikely scenario but nevertheless could still be a possibility is that LRC could do a U-Turn from here and go vertically to meet up with its 8EMA and possibly rendevouz at 1.2
MACD: Signal lines have downward momentum
Stoch RSI: Oversold Region.
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
LRC reached the 84% Fib Level since last week and it is sitting on it at 0.77 as of this writing.
What's next for LRC?
A. Further dipping could bring LRC towards the KEY SUPPORT level at 0.3689 along with its 200 EMA
Breaking KEY SUPPORT is breaking Market Structure and further confirmation of a longer bear season.
The 100% Fib level sits at 0.1741.
B. LRC could consolidate (move sideways) and move towards the Red Resistance Trend Line.
C. The most unlikely scenario but nevertheless could still be a possibility is that LRC could do a U-Turn from here and go vertically to meet up with its 8EMA and possibly rendevouz at 1.2
MACD: Signal lines have downward momentum
Stoch RSI: Oversold Region.
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader