$LPT ROARING RALLY PAUSES NEAR RESISTANCE: BREAKOUT OR EXHAUSTION?
LPT is trading at $10.689, showing a massive +89.39% surge in the past 24 hours. After hitting a 24h high of $12.100, the price pulled back slightly and is now consolidating near key resistance. Volume remains high at 352.21K, indicating strong interest and momentum.
Key Levels to Watch:
• Immediate Resistance: $11.00
– A decisive breakout above this could trigger a fresh rally leg.
• Support Zone: $10.40
– A break below this level may lead to a deeper correction.
Trade Setup – High Momentum but Risky Zone
Bullish Scenario:
If LPT breaks and holds above $11.00 with strong volume:
• TP1: $11.60
• TP2: $12.10
• TP3: $12.80
Bearish Scenario:
Failure to hold $10.40 may spark a pullback:
• TP1: $9.90
• TP2: $9.20
Stop-Loss Guidance:
• Longs: Below $10.35
• Shorts: Above $11.05
LPT is in a powerful uptrend, but traders should be cautious of volatility near resistance. Ideal setup for breakout traders, but tight stop-losses are essential due to elevated risk levels.
