$LPT
/USDT Technical Analysis and Trade Signal
Current Price: $14.77
Momentum: Bullish, with a strong recovery and 24h price surge of +17.84%.
Key Levels to Watch
Resistance: $15.25 (immediate), $16.50 (secondary).
Support: $13.70, $12.20 (major support level).
Trade Signal: BUY (Short-Term)
The upward momentum, coupled with significant volume, suggests a bullish trend continuation. Ideal for swing and momentum traders.
🎯 Target Levels
1. Target 1: $15.50
2. Target 2: $16.75
3. Target 3: $18.00
Stop Loss: $13.50
Maintain a tight stop loss to protect from sudden reversals.
Indicators Suggesting Bullish Momentum
RSI: Near 65-70, indicating strong buying momentum but nearing overbought levels.
EMA: 10-period EMA above the 20-period EMA, confirming the uptrend.
MACD: Bullish crossover with upward expansion in histograms.
Strategy: Scale out profits at each target and trail stop loss as the price moves upward. Reassess if LPT drops below $13.50 or volume significantly declines.