🔭 LPT/USDT SIGNAL 🎯

Overview of the Coin:

LPT/USDT shows fluctuating price movements on the daily chart, with periods of both bearish and bullish trends.

Before we begin, I thank @Joelle Broadwell RMkZ for the support ❤️

◻️ Technical Analysis:

1. Support and Resistance Levels:

• Strong Support Level: 16.280 USDT

• Strong Resistance Level: 30.000 USDT

2. Technical Indicators:

• Cumulative Volume Delta (CVD): Indicates a significant decrease, suggesting strong selling pressure.

• Funding Rates: Positive at 0.0027, indicating traders are paying to maintain their long positions.

• Open Interest: Shows a slight increase, indicating continued interest in the coin.

• Aggregated Futures Orderbook Liquidity Delta: Positive balance at 9.975K, indicating good market liquidity.

3. Long/Short Ratio:

• Current ratio is 1.0462, indicating slightly more long positions than short ones.

4. Aroon Indicator:

• Aroon Up: 92.86%, indicating a strong bullish trend.

• Aroon Down: 7.14%, indicating a weak bearish trend.

5. Balance of Power Indicator:

• Current value is 0.66, indicating buyers have more control over the market at the moment.

◻️ Trading Strategy 🎯:

1. Entry Points:

• Enter at the strong support level: 16.280 USDT.

• Enter at the breakout of the 20.000 USDT resistance level to confirm the bullish trend.

2. Exit Points:

• Exit at the strong resistance level: 30.000 USDT.

• Exit if the price fails to maintain the support level at 16.280 USDT.

3. Stop Loss:

• Set stop loss at 15.500 USDT to minimize losses in case the trend reverses.

◻️ Expectations:

• Bullish Scenario: If the price breaks through the 20.000 USDT resistance level, it may target resistance levels between 25.000 and 30.000 USDT.

• Bearish Scenario: If the price fails to maintain the support level at 16.280 USDT, it may head towards lower levels.

$LPT #CryptoPCEWatch #MtGoxJulyRepayments #CryptoTradingGuide #Megadrop #MicroStrategy

Coin selected by @Kory Papik hRVM