🚀 $LPT Rallies – Breakout Potential in Sight! 🚀
$LPT is trading at $15.650, boasting an impressive intraday gain of +10.58%. The 1-hour chart reveals strong bullish momentum, with the price steadily climbing toward key resistance levels despite slight consolidation.
Key Levels:
Resistance: $16.00 (Immediate), $16.80 (Next Target)
Support: $14.50 (Critical Zone)
Suggested Trade Plan:
Entry: Around $15.20
Target 1: $16.00
Target 2: $16.80
Stop-Loss: $14.30
Analysis:
LPT’s surge past $14.50 indicates renewed buying interest, maintaining an intact uptrend as long as the $14.50 support holds. Although a minor pullback has occurred, a breakout above $16.00 could trigger a push toward $16.80.
Recommendation:
Enter near $15.20, lock in partial gains at $16.00, and hold the rest for $16.80. Use $14.50 as a critical stop-loss level to manage downside risk. Look for increased volume to confirm a potential breakout beyond $16.00.