Short LRC

6 Eki 2022

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)

11 Eki 2022

Not

LRC was down, 9% of profit from entry

13 Eki 2022

Not

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.

14 Eki 2022

İşlem elle kapatılmış

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

14 Eki 2022

İşlem aktif

Trade reactivated

16 Eki 2022

İşlem elle kapatılmış

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