📊 LPT/BNB Analysis: Support and Resistance
1. Support Level (Previous):
The price found strong buying interest around 0.02411 BNB per LPT, forming a support zone. Multiple retests suggest potential upward momentum.
2.$LPT Resistance Level (Current):
Resistance near 0.02419 BNB per LPT acted as a barrier, preventing further price increase. Bulls struggled to gain control.
3. Entry Strategy:
Buy at Support: Consider entering long positions if the price bounces from the support zone.
Sell at Resistance: For short positions, watch for rejection near the resistance level.
:Remember to set stop-loss orders near these levels for risk management. Happy trading! 🚀
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