$LPT Short Trading Signal 🚦Short Trading Signal - Rejection After Parabolic Rise!
The price failed to stay above the resistance of $10.70, and the current structure suggests a potential formation of a lower high.
Volume has peaked and is now decreasing, indicating that the bulls may be exhausted.
If $9.90 is broken, a deeper correction becomes more likely.
Use a strict stop loss above the highest wick.
Do not sell blindly - wait for a clean rejection or a one-hour candle close below $10.00 for confirmation.
Trading Setup (Short):
Entry Price: $10.10 - $10.30
Target 1: $9.51
Target 2: $8.80
Stop Loss: $10.85
Buy and trade here on $LPT