$LPT Just Faced a Storm: Long Liquidation Hits $1.2458K at $9.098
A sudden wave of long liquidations has rattled the $LPT market, with over $1.2K in leveraged positions wiped out at the $9.098 mark. This shakeout may signal a crucial shift in momentum, giving savvy traders an edge to prepare for the next big move.
Here's the Full Analysis:
Buy Zone:
Primary Entry: $8.70 to $8.90
Aggressive Entry (High Risk, High Reward): $8.50
Targets:
Target 1: $9.40
Target 2: $9.80
Target 3: $10.35 (Major resistance and breakout level)
Stop Loss:
Conservative SL: $8.39
Aggressive SL: $8.15 (Only if aiming for breakout towards $10.35)
Market Sentiment Insight:
The recent liquidation at $9.098 suggests that leveraged long traders got trapped right at local resistance. This can lead to a potential reversal to the downside or a fake-out before a strong upward push. Volume spikes and open interest will play a major role in confirming the next direction.
Strategy Tip:
Watch for a reclaim of $9.10 with volume. If that happens, a strong rally could follow. If price dips below $8.50 with high sell volume, bears may take control in the short term.
This is not just another candle movement. $LPT is setting the stage for a dramatic move. Smart entries now can lead to solid gains—if you play it with discipline.