Market Alert: $LPT Long Liquidation at $15.142
A $1.5899K long liquidation has just hit the $LPT market at $15.142, signaling significant downward pressure and potential for more volatility.
This liquidation could indicate a shift in market dynamics, as long positions are forced to unwind.
Key Insights
1. Liquidation Size: $1.5899K—reflecting strong long positioning under pressure.
2. Price Level Breached: $15.142, signaling possible bearish momentum taking over.
Next Move
For Long Positions:
Reassess the position and set a tight stop loss just below $15.10 to protect against further downside risk.
Watch for support around $14.80; if this level holds, a rebound could be in the cards, but remain cautious of continued selling.
For Short Positions:
This could be a good entry point for shorts, with a stop loss around $15.50 to limit risk if the price reverses.
Watch the $15.00 area closely for further signs of weakness and consider adding to shorts if the downtrend continues.
Market Outlook
The long liquidation is a clear sign of increased selling pressure.$LPT
Stay alert for signs of continued weakness, especially if the price fails to recover above $15.20.
