Breaking:
$LPT Long Liquidation Shakes the Market
A notable $1.7589K long liquidation has occurred at $13.509, signaling increasing bearish pressure as bulls lose their grip on a crucial support level.
This liquidation event highlights rising volatility in the LPT market.
Key Details:
Liquidation Value: $1,758.9
Liquidation Level: $13.509
Market Sentiment: Bearish momentum is building, with traders exiting long positions.
Next Move:
1. For Long Holders:
If
$LPT fails to reclaim $13.70, consider exiting or tightening your stop-loss to minimize potential losses.
2. For Short Sellers:
A breakdown below $13.50 could confirm further downside.
First Target: $13.20
Second Target: $12.90
3. For Neutral Traders:
Monitor for a recovery above $14.00 before entering new long positions.
A sustained bounce may signal renewed buying interest.
Stop-Loss Recommendations:
For Shorts: Place stop-loss at $13.70 to safeguard against sudden upward reversals.
For Longs: Place stop-loss at $13.40 to cap losses in case of further bearish moves.
$LPT is at a critical juncture. Traders should prepare for sharp moves and stay disciplined in this volatile environment.
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