Short LRC

Loopring (LRC) is a L2 blockchain built on Ethereum. It is a protocol to facilitate the construction of Decentralized Exchanges (DEXs).

Prices broke the longterm weekly trendline and was rejected after retesting it.

A proposed short setup with R:R = 2 is in chart.

To see better the price action, here below is a bigger view (on 1W TF)

註釋

LRC was down, 9% of profit from entry

註釋

LRC is still slowly bleeding (with low trading volume) with negative and doubtful sentiment of markets. The final target is still on the table but one should book a partial profit (10%) here.

手動結束交易

LRC's trade has reached 16% profit.
BTC and the whole market are strong. Better close trade here and wait for a reactivation later.

交易進行

Trade reactivated

手動結束交易

Trade closed because BTC has some early sign to breakout
specially with MFI (to be confirmed)