$LPT Here's an analysis for based on the information provided.
Current Situation.
A long liquidation occurred at $18.131, with a value of $4.899K.
This indicates that traders who went long betting on a price increase were forced to close their positions, possibly due to a sharp price drop or volatility.
What to Do Next.
Buy Zone.
$16.50 to $17.20
This is a potential accumulation area where buyers might step in if the price continues to dip. Watch for strong support signals before entering.
Targets.
1. Target 1: $18.50
A recovery bounce near previous liquidation levels.
2. Target 2: $19.20
If momentum continues, this is a medium-term target.
3. Target 3: $20.50
Strong resistance, good to book profits here.
Stop Loss.
Place a stop loss at $16.20 to minimize risk in case the price breaks below the support zone.
Strategy Suggestion.
1. Wait for confirmation of support in the buy zone before entering a position.
2. Use proper risk management; do not risk more than 2-3% of your portfolio on a single trade.
3. Keep an eye on overall market sentiment and Bitcoin's movement, as it heavily influences altcoins like $LPT.
Key Levels Recap.
Buy Zone: $16.50 - $17.20
Targets: $18.50, $19.20, $20.50
Stop-Loss: $16.20
Trade cautiously, and stay updated on market news or sudden price action changes.
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