🔴 $LA Failing to Reclaim — Next Leg Down?

$LA can’t reclaim resistance, and that’s often how the next downside leg begins. Structure remains bearish across higher timeframes.

$LA – SHORT

Entry: 0.223 – 0.225

Stop-Loss: 0.231

Targets:

TP1: 0.217

TP2: 0.215

TP3: 0.211

Why This Setup:

• 4H bear-leaning rotation within a bearish 1D backdrop

• Defined risk box: 0.223–0.225 (mid 0.224)

• 1H ATR ~0.004 (~2%) → measurable volatility

• 15m RSI at 49 → momentum supports downside expansion

As long as 0.239 is not reclaimed, the bearish thesis stays intact.

First reaction level sits at 0.217 (~2.9%). If momentum expands, extension toward 0.211 (~5.9%) becomes the focus.

👀 Is 0.217 enough, or does sell pressure extend to 0.211?

LAUSDT

Perp

0.2195

-6.19%