Loopring (LRC) formed bullish Cypher for upto 31.5% rally
Hi dear patrons, hope you are well and welcome to the new update on Loopring token.
On a 2-day time frame chart, the price action of LRC has formed a bullish Cypher pattern.
Buy and sell targets:
Buy between: $0.5316 to $0.4894
Sell between: $0.5648 to $0.6445
Stop loss:
The maximum extent of potential reversal zone $0.4894 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 31.5%, and the loss possibility is 8%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On a 2-day time frame chart, the price action of LRC has formed a bullish Cypher pattern.
Buy and sell targets:
Buy between: $0.5316 to $0.4894
Sell between: $0.5648 to $0.6445
Stop loss:
The maximum extent of potential reversal zone $0.4894 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 31.5%, and the loss possibility is 8%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.