$LRC remains vulnerable to a bearish reversal after an +10.76% expansion, with price approaching the $0.00930 support area following a strong momentum push. Sellers can regain control if the rally fails near $0.00970 resistance and price breaks below $0.00930. A clean breakdown below $0.00930 could expose fresh downside liquidity, while only a strong reclaim above $0.00990 would weaken the bearish setup.

Trade Setup

Entry: $0.00930 – $0.00947

Target 1: $0.00900

Target 2: $0.00870

Target 3: $0.00835

Stop Loss: $0.00990

How it's possible

Market structure:

The sharp upside expansion has created a potential exhaustion zone. A failure to continue higher would shift attention toward a corrective structure.

Lower highs/lower lows:

A lower high below $0.00970 followed by a break beneath $0.00930 would confirm the first bearish structural shift.

Key support and resistance:

$0.00930 is the critical support trigger, while $0.00970 is the key resistance area.

Volume confirmation:

Sellers should ideally appear with expanding volume on the break of $0.00930. Without volume, downside continuation is less convincing.

Momentum:

The +10.76% move indicates strong short-term buying pressure, but failure to extend the rally can lead to rapid profit-taking.

Liquidity:

A breakdown below $0.00930 may target clustered long stops and liquidation liquidity underneath the recent move.

Breakdown/rejection confirmation:

Look for rejection near $0.00970 followed by a confirmed close beneath $0.00930.

If price closes above $0.00990, the bearish setup fails and the trade should be exited to protect capital.

Let’s go and Trade now $LRC

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