$LPT /USDT Trading Signal - Consolidation Phase
Current Price: $16.532 (-2.70%)
24h High: $17.216
24h Low: $16.345
24h Volume: 445,669.60 LPT
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Market Overview
$LPT has retraced from the $17.281 resistance and is consolidating near $16.50. A breakout could define the next move.
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Trading Plan (1H Timeframe)
Bullish Scenario:
Entry Zone: $16.50 - $16.70
Targets:
T1: $17.00
T2: $17.30
T3: $17.60
Stop Loss: $16.20
Bearish Scenario:
Entry Zone: Below $16.30
Targets:
T1: $16.00
T2: $15.60
Stop Loss: $16.60
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Technical Insights
MACD: Bearish momentum slowing, indicating potential reversal.
RSI: Near neutral, offering room for both upside and downside.
Support Levels: $16.30 and $16.00.
Resistance Levels: $17.00 and $17.30.
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Strategy Recommendations
Watch for a breakout above $16.70 for bullish confirmation.
Secure partial profits near $17.00 and trail stop-loss.
For shorts, monitor volume near $16.30 for a sustained drop.
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