Type: Long
COIN: LPT
Leverage: 25x
Margin: 3% of wallet
Entry Zone:
1. $12.44
2. $12.20
Targets:
1. $12.780
2. $12.980
3. $13.300
4. $13.700
5. $13.950
6. $14.500
7. $15.500
Extra Target: $16.500
Stop Loss:
$10.30
Published by Zain ul Abedeen
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1. Entry Zone Analysis
The entry range of $12.20 - $12.44 suggests buying around a potential support zone:
$12.20: Strong support level based on recent price action.
$12.44: A safer entry point, closer to resistance-turned-support.
If price consolidates within this range, it's likely to bounce upward due to buyer interest.
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2. Target Analysis
The target levels appear to be based on key resistance zones:
1. $12.780 - $12.980:
Short-term resistance levels.
Good zones to secure partial profits.
2. $13.300 - $13.700:
Mid-term resistance, representing prior rejection zones.
Ideal levels to lock in more gains.
3. $14.500 - $15.500:
Larger breakout potential if momentum builds.
Ensure your trade management strategy accounts for potential pullbacks here.
4. Extra Target ($16.500):
Highly optimistic target, achievable if strong market catalysts emerge (e.g., BTC rally, positive news).
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3. Stop Loss Placement
$10.30 is a reasonable stop below strong support levels:
Represents a -16% loss on price movement (before leverage).
Proper risk management is crucial—ensure that the 3% margin matches your overall risk tolerance.
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4. Risk Management
With 25x leverage, high volatility could lead to liquidation if improperly managed:
Position Sizing:
Allocate only 3% of your wallet as specified. E.g., if your wallet = $1,000, your margin = $30.
Trailing Stop:
As price moves upward, use a trailing stop to secure profits. Example:
When price reaches $13.00, move the stop loss to $12.50.
When price reaches $14.00, move the stop loss to $13.30.
Leverage Risk:
A 25x leverage magnifies price movement. A 4% move against your position could trigger liquidation, so always stick to the stop-loss plan.
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