$LA just took a deep hit and the chart is showing that heavy oversold pressure where the market drops fast but slowly begins to find its footing again. After falling from 0.4010 all the way down to the 24h low at 0.3824 the sellers finally started to slow and now the price is trying to stabilize around 0.3845. This kind of pause after a strong red wave usually signals seller exhaustion and early signs of a possible rebound if buyers step in with even small strength.
The candles are tightening at the bottom and the small green recovery attempts show the market is trying to breathe again. If $LA holds above 0.3825 the chart can attempt a reaction move toward 0.3890 and 0.3930 which are the first resistance levels on a bounce. A break above 0.3950 would confirm momentum returning.
This is the moment where fear cools but opportunity begins to take shape. One clean green candle can flip the whole look of this chart.
Let’s go and trade now $LA
LA
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