$LPT The recent long liquidation of $4.98K at $16.474 indicates a key price level where buyers faced strong resistance, causing liquidations. Here's a detailed analysis to help you navigate the market.

Market Overview.

Current Price Level: $16.344 (based on liquidation data).

Market Sentiment: Mixed (indication of seller dominance around this level).

Trading Strategy.

Buy Zone.

Zone 1: $15.50 to $15.80 (Strong support; ideal for scaling in).

Zone 2: $14.90 to $15.20 (Deeper support; riskier but potential for better entry).

Targets.

Target 1: $16.50 (Test of liquidation resistance).

Target 2: $17.20 (Short-term breakout target).

Target 3: $18.00 (Medium-term strong resistance level).

Stop Loss.

Place your stop loss below $14.75, as breaking this level may lead to further downside.

Key Indicators to Watch.

1. Volume: Higher volume near $16.34 could indicate another attempt to reclaim the resistance.

2. RSI: Look for RSI in the 40–50 range before entering; oversold levels could confirm the buy zone.

3. MACD: A bullish crossover will confirm momentum shifting in favor of buyers.

Tips for Managing the Trade.

If price stays above $16.00 for 4-hour candles, it may gain bullish momentum.

Avoid chasing if the price rapidly spikes above $16.50; wait for a pullback.

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