$LPT Short Liquidation Alert

A notable $16,233 short position was liquidated at $17.981.

This indicates a wave of buying pressure, pushing prices higher and squeezing out short sellers.

Let’s explore what’s next and how you can make the most of this opportunity!

Market Insights

Short liquidations often lead to upward momentum as sellers are forced to buy back their positions. This can create opportunities for:

1. Continued Rally: Buyers dominate, pushing the price even higher.

2. Temporary Pullback: The price may dip slightly before resuming its uptrend.

Key Levels to Watch

Buy Zone: $17.20 - $17.50

This is a potential area to enter if the price pulls back slightly and shows strength. Look for bullish signals before entering.

Target Levels:

Target 1: $18.50 (Short-term resistance)

Target 2: $19.20 (Major resistance and potential breakout zone)

Stop Loss: $16.80

Place your stop loss below the Buy Zone to minimize risk if the price reverses unexpectedly.

Trading Strategy

1. Wait for Pullback: Let the price approach the Buy Zone and stabilize. Watch for strong green candles or increased buying volume.

2. Enter the Trade: If the price shows signs of continuation, enter a long position with your targets and stop loss in place.

3. Lock in Profits: Stick to your targets, but consider trailing your stop loss as the price rises to protect your gains.

Risk Management

Keep your risk within 1-2% of your trading capital. This ensures your portfolio stays protected even during unexpected price movements.

Pro Tip

Track overall market sentiment and major cryptocurrencies like Bitcoin and Ethereum. If the broader market remains bullish, LPT may continue its upward trend.

Be smart, stay disciplined, and let the market come to you. Successful trading is about patience and strategy!

Would you like more updates or a deeper analysis of LPT’s market trends?

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