š„ $LPT: Consolidation After the Surge, What's Next? š§
$LPT has seen some wild price action recently, with a massive pump followed by a necessary cooling-off period. We're currently observing a consolidation phase after the explosive move in late May. The question on every trader's mind: is this a pre-launch pad or a breather before further correction?
The price broke out significantly, hitting highs around $14 before retracing. It's now finding its footing, with current trading suggesting traders are assessing the next directional bias.
š Trading Outlook:
š Potential Long (Spot/Low Leverage): If $LPT firmly reclaims and holds above the $9.00-$9.50 zone, we could see a push towards $10.00 and potentially retest recent highs around $12.00 - $13.70. Look for volume confirmation on the breakout.
š Short Setup (Spot/Low Leverage): A sustained break below the $7.50 - $8.00 support could indicate further downside, potentially targeting the $6.50 - $7.00 area, which was the previous resistance before the breakout.
Always watch for broader market sentiment shifts.
NFA/DYOR.
