As you can see a strong treadline has formed on the daily for Loopring dating back to March 15th. This treadline is respected at the time. But, if daddy bitty decides to dump more this treadline will probably be invalidated. The line in the sand for LRC is $1.00 - $1.04. It can even wick down to $0.96 as long as it doesn't close at that level. Closing under $1.00...
My experience says that this looks like a pump and dump. I personally just sold another part of my LRC. Hope to buy it back between 0.5 USD and 1 USD. It is on All Time High related with ETH, much higher ATH vs BTC. I point out the sport to buy at 28 cents. We are now more than 10x profit (time to sell not to buy). I don't care if it goes much higher than this....
