Technical analysis by XoFrnk about Symbol LRC: Buy recommendation (2/16/2025)

📊 Trend: Bearish (Descending Channel)🔹 Key Levels:✅ Support: $0.12 - $0.13 (Demand Zone)🚀 Resistance: $0.18 - $0.35Market Outlook & Strategy🔸 Bullish Scenario: If LRC breaks above the descending channel, it could aim for $0.18 and potentially $0.34.🔸 Bearish Scenario: If price fails to break out, it might retest the $0.12 support zone.📌 Trading Plan:1️⃣ Breakout Entry: Buy if price closes above the channel with strong volume.2️⃣ Rejection Short: Sell near resistance if rejection occurs.3️⃣ Support Buy: If price dips to $0.12, look for bullish signals before entering.🔔 Stay updated & manage risk properly!