🔭 LPT/USDT SIGNAL 🎯
Overview of the Coin:
LPT/USDT shows fluctuating price movements on the daily chart, with periods of both bearish and bullish trends.
Before we begin, I thank @Joelle Broadwell RMkZ for the support ❤️
◻️ Technical Analysis:
1. Support and Resistance Levels:
• Strong Support Level: 16.280 USDT
• Strong Resistance Level: 30.000 USDT
2. Technical Indicators:
• Cumulative Volume Delta (CVD): Indicates a significant decrease, suggesting strong selling pressure.
• Funding Rates: Positive at 0.0027, indicating traders are paying to maintain their long positions.
• Open Interest: Shows a slight increase, indicating continued interest in the coin.
• Aggregated Futures Orderbook Liquidity Delta: Positive balance at 9.975K, indicating good market liquidity.
3. Long/Short Ratio:
• Current ratio is 1.0462, indicating slightly more long positions than short ones.
4. Aroon Indicator:
• Aroon Up: 92.86%, indicating a strong bullish trend.
• Aroon Down: 7.14%, indicating a weak bearish trend.
5. Balance of Power Indicator:
• Current value is 0.66, indicating buyers have more control over the market at the moment.
◻️ Trading Strategy 🎯:
1. Entry Points:
• Enter at the strong support level: 16.280 USDT.
• Enter at the breakout of the 20.000 USDT resistance level to confirm the bullish trend.
2. Exit Points:
• Exit at the strong resistance level: 30.000 USDT.
• Exit if the price fails to maintain the support level at 16.280 USDT.
3. Stop Loss:
• Set stop loss at 15.500 USDT to minimize losses in case the trend reverses.
◻️ Expectations:
• Bullish Scenario: If the price breaks through the 20.000 USDT resistance level, it may target resistance levels between 25.000 and 30.000 USDT.
• Bearish Scenario: If the price fails to maintain the support level at 16.280 USDT, it may head towards lower levels.
$LPT #CryptoPCEWatch #MtGoxJulyRepayments #CryptoTradingGuide #Megadrop #MicroStrategy
Coin selected by @Kory Papik hRVM