fulldetails

$LPT market recap and new entry
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#DontMiss_Ellon_Mask

📊 Current Situation Summary

Price: $8.876

24h High: $10.777

RSI (6): 51.5 (recovering from oversold)

Stoch RSI: Turning upward → momentum building again

Parabolic SAR: Still above price → trend still bearish, but losing pressure

Volume: Lightly rising again

Price Action: Forming a base or potential reversal zone just above $8.50

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🧠 Interpretation

You’re seeing:

A pullback pause after a strong sell-off

Buyers are starting to step in, trying to defend this $8.80–$8.50 zone

Shorts should start protecting profits, and new shorts are riskier here

A bounce or sideways range is the most likely scenario now

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✅ If You're Still Holding a Short:

Strategy Details

✅ Lock in profits This is a good zone to take 70–90% profit

🔁 Trail stop Just above $9.10–$9.20 to secure gains

⚠️ Risk of reversal If price reclaims $9.40+, trend could flip again

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❌ If You’re Thinking to Short Now:

> No — not a good idea right now.

Entering short after a full 2-point drop from $10.77 to $8.77 is late.

RSI and StochRSI say we’re entering bounce territory.

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🔄 Possible Scenarios from Here:

🔼 Bounce Plays Out

Price climbs to $9.20–$9.40

That becomes a new short zone if rejection forms

You can re-enter short there with tighter stop-loss

🔻 Breakdown

If $8.50 breaks on volume

Short continuation setup activates

Entry: $8.45

SL: $8.80

Target: $7.80

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🧭 Final Thoughts

Situation Recommendation

Already in short Take profits or trail now ✅

Want to short now ❌ Too late — bounce zone

Prefer smart re-entry Wait for bounce to $9.20–$9.40 or breakdown below $8.50

see you soon ❤️
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