$LPT /USDT Trading Signal – Bearish Pullback or Buy Opportunity?

Current Price: $16.491 (-2.42%)

24h Range: $16.351 - $17.281

24h Volume: 570,390.99 LPT

Observation:

LPT/USDT is experiencing a pullback after reaching a 24-hour high of $17.281. The price is approaching a key support level near $16.35, which may act as a rebound zone. Watch for further price action to determine the next move.

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Trading Plan (1H Timeframe):

Long Entry: $16.35 - $16.50

Targets:

T1: $16.80

T2: $17.20

T3: $17.60

Stop Loss: $16.00

Alternate Plan:

If price breaks below $16.30:

Short Entry: $16.30 - $16.00

Targets:

T1: $15.80

T2: $15.50

Stop Loss: $16.60

Analysis:

MACD indicates bearish momentum with a potential for reversal near support. A break above $16.80 could signal a continuation of the uptrend, while a breakdown may push prices lower.

Strategy Advice: Scale into trades cautiously and secure partial profits near key targets. Adjust stop-loss levels to lock in gains as the price moves favorably.

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