After the massive run-up earlier this month, LRC is currently seeing some consolidation coming its way.
During this period of consolidation, a bull-flag pattern has developed on the chart. Since this flag pattern has formed during a strong bullish move, it's more likely for the price to break out on the bullish side than on the bearish side.
In case of a bullish break out, I'm looking at the $2.75 - $2.90 range for potential exit targets. In case we break above that in the coming days, we might even go for a new all-time high in the near future.
a lot of people is not putting faith on it. Saying thats is the end. lets hold for while.
UnitedSignals
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Thank you for posting this idea!
VasilyTrader
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What is your SL recommendation and why?
Pipnocane
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@VasilyTrader stop losses are for the weak. Also marketmakers hunt for those. Youre publishing where youd sell and they take advantage of you. Buy and hold. Announcement coming soon from loopring in the next ~6 weeks