Lower end of the accumulative zone here bouncing off support
Can still stake this thing for like 40%apr
Buying the bottom (here?)
And staking until the next bull market will prove a very profitable strategy, HODL like profits with 40%ish on whatever the eventual valuation of your bag is come the bull market
Yield is payed in eth so you’ll have your investment back...
When we compare the $LOOKS chart to $ICX we can see an almost identical strucutre where $ICX had a double bottom and rebounded massively.
$LOOKS is showing a double bottom pattern and the downtrend is likely over.
LOOKS seems to be pulling back to previous resistance trendline to test it as support. With multiple squeezes forming, this may create a good re-adding opportunity since we took profits previously. My first price target is to $7 from here.
Looksrare is setting up multiple squeezes again and established nice support trendline. Wait for a pull back to my buy zone in the next few hours. My near-term price target is $5.
Looks rare has multi time frame squeezes and about to breakout to the upside. Wait for the pull back to my buy zone at the resistance trendline turning to support line. With the current money flow and squeezes firing to the upside, we may see my first price target of $7
LOOKS/USDT ASCENDING TRIANGLE BREAKOUT
Support: $5.45/$5.05/$4.75/$4.25/ $4.00/ $3.75/ $3.50/ $3.00
Resistance: $5.75/$6.00/ $6.25/ $6.55/$7.00
An ascending triangle is a chart pattern used in technical analysis .
It is created by price moves that allow for a horizontal line to be drawn along the swing highs,
and a rising trendline to be drawn along the swing...
LOOKSUSD (1H Chart) Technical analysis update
LOOKS/USD currently trading at $4.53
Formed Head and shoulder pattern in 1h chart
Buy level: Above $4.60
TP 1: $5.00
TP 2: $5.50
TP 3: $6.00
TP 4: $7.00
Stop loss:$4.00
Max Leverage: 1x or buy it on spot market.
