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Short LRC

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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)

снимок

Заметка
LRC was down, 9% of profit from entry
Заметка
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.
Сделка закрыта вручную
LRC's trade has reached 16% profit.
BTC and the whole market are strong. Better close trade here and wait for a reactivation later.
Сделка активна
Trade reactivated
Сделка закрыта вручную
Trade closed because BTC has some early sign to breakout
specially with MFI (to be confirmed)

снимок

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