๐ $LPT โ Explosive Breakout or Just the Beginning? ๐ฅ
Current Price: $12.61
24H Change: +130%
RSI: 83.5 (Overbought)
Volume Surge: 2.38B (USDT)
๐ง Technical Breakdown:
โ Price Action:
LPT just broke out of a long accumulation phase , from $5.12 to a high of $13.34 within a day. That's not random , itโs a textbook breakout after consolidation, signalling strong institutional or whale activity.
โ Moving Averages:
MA(7): $11.37
MA(25): $7.42
MA(99): $6.01
All key MAs are trending upward with wide separation. This is a clean bullish structure, signaling trend strength, not a fakeout.
โ Volume Profile:
Notice the consistent volume build-up before the breakout and strong follow-through volume even as price surged. No panic wicks = conviction behind the move.
โ RSI Alert:
With RSI at 83.5, weโre deep in overbought territory on the 1H chart โ but remember: strong coins stay overbought in rallies. Watch for a healthy pullback to $10.5โ$11.0 for re-entry instead of chasing tops.
๐ฎ Prediction:
๐Short Term:
A minor retracement to $11โ$11.2 is likely before the next leg up. If bulls hold this level with volume, $14โ$16 is the next zone.
๐Long Term:
The macro chart still shows LPT far below its ATH. This breakout could be the first phase of a multi-week rally, especially if it builds support above $10. LPT is known for large percentage swings when trend flips.
๐ก Is It Good for Short-Term or Long-Term?
๐น Short-Term Trade: YES โ
Massive volatility = perfect for day/swing traders. Use tight SL and trail your profits.
๐น Long-Term Hold: CAUTIOUSLY YES ๐ก
If the $10 level holds as new support and the volume sustains, this could evolve into a longer trend. Watch the 4H and daily charts for confirmation.
โ ๏ธ Risk Note:
RSI is overheated, so donโt enter blindly. Look for dips to support zones (especially MA(7) and MA(25)) before entering. Chasing after green candles often leads to late entries.
