$LPT Liquidation Alert!
A $10.18K long position was liquidated at $16.983, signaling increased volatility in the market. Such liquidations often precede sharp price moves, so traders need to stay alert.
Downside Risk: If selling continues, $LPT could test support levels at $15.50 or $15.00.
Upside Potential: A recovery above $16.20 might push it toward $16.80 resistance.
Trading Strategy:
Scalpers: Trade the range between $15.50 and $16.20.
Swing Traders: Wait for a breakout above $16.20 or a strong rebound from $15.00.
Monitor volume and market sentiment. Tighten stop-losses and avoid over-leveraging during uncertain conditions.
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