$LPT is trading at $18.800, reflecting a significant 24.43% gain in the last 24 hours. The price is consolidating near its 24-hour high of $19.599, signaling strong bullish momentum.
Trade Setup:
Long Setup:
Entry: Above $19.600 (Breakout confirmation)
Stop Loss (SL): $18.500
Take Profit 1 (TP1): $20.500
Take Profit 2 (TP2): $21.500
Short Setup:
Entry: Below $18.200 (Breakdown confirmation)
Stop Loss (SL): $18.800
Take Profit 1 (TP1): $17.500
Take Profit 2 (TP2): $16.800
Technical Outlook:
$LPT is testing key resistance near $19.600. A breakout above this level could signal further upside potential, targeting $21.500. Conversely, failure to hold above $18.200 may result in a pullback toward lower support levels.
Traders should closely monitor price action and volume for confirmation and implement disciplined stop-loss strategies to manage risk effectively.