$LPT Long Liquidation: $5.0327K at $16.34
Current Price Action:
Price: $16.34
Liquidation Trigger: $5.0327K in long positions liquidated
Resistance: $17.00 (key level of recent highs)
Support: $15.50 (recent swing low)
What's Next?
After a long liquidation, we may see a pullback towards the $15.50 support level.
If bulls regain control and push past $17.00, a move towards $18.00 could unfold.
Failure to hold above $15.50 could lead to a deeper retracement towards $14.00.
Risk:
Watch for rejection at $17.00; if sellers dominate, a break below $15.50 could signal further downside.
Prediction:
$LPT A potential bounce at $15.50, followed by a test of $17.00. If this level breaks, the next target is $18.00.
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