LPT (Livepeer) with the short liquidation at $15.147:
Price Action
Short Liquidation Signal: The $15.147 level suggests a critical breakout point where short positions were forced to close.
Bullish Momentum:
The liquidation aligns with upward price pressure, likely accelerating due to leveraged short-covering.
Support & Resistance
Immediate Support: $15.00-$15.15 now serves as a strong support zone. If the price holds above this, it confirms bullish sentiment.
Key Resistance:
$15.50-$16.00 are the next levels to watch for potential rejection or consolidation.
Trend Analysis
Uptrend Potential: The liquidation suggests a strengthening uptrend. If momentum persists, LPT could target higher resistance zones like $16.25 or $17.
Risk of Pullback: Failure to hold $15.00 could lead to a retracement toward $14.50.
Indicators to Monitor
1. RSI: Check if the asset is approaching overbought conditions near $15.15.
2. MACD: Look for a bullish crossover to confirm continued upside.
3. Volume: Higher-than-average volume is critical to validate the breakout.
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