
Post
$LA
The current price is 0.0796 USDT (+2.18%), trading close to MA10 (0.0798) and MA20 (0.0795). Short-term has a slight recovery signal with a strong green candle touching 0.0829, pulling volume up.
Positive points:
• The price bounced from the low area of 0.0764.
• Short-term MA (5-30) is converging around 0.0795-0.0808, creating temporary support.
• Volume is quite good in the increase session.
Risk:
• The long-term trend is still sharply down (MA60: 0.0863, MA120: 0.0956). The price is below all long MA.
• The nearest resistance of 0.0829-0.0840 is quite strong.
• The entire chart shows a clear downtrend from the previous high.
Conclusion:
Can buy short-term (scalping) if breakout 0.0829 with strong volume, target 0.085-0.088. However, it is not suitable for medium-term hold because the main trend is still down. Should set the stop-loss tightly below 0.0764.
Recommendation: Only buy a small proportion, prioritize observation for 4h-1D. High total risk
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