$LPT/USDT โ Short Trade Setup ๐จ
$LPT has shown strong recent gains but is now facing significant resistance in the $10.78โ$11.00 zone. The price is beginning to slip below intraday support, signaling potential exhaustion from buyers.
๐น Entry Zone:
$8.90 โ $9.10
Ideal Entry: A 15-minute candle closes weak below $9.00
๐ป Targets:
1. $8.35 โ Near-term support
2. $7.95 โ Previous breakout base
3. $7.55 โ 24-hour low
๐บ Stop Loss:
Above $9.75 (just above recent rejection level and key structure breakdown)
๐ Bearish Confirmation Criteria:
Lower high formation on the 15m/30m chart near $9.10
Breakdown below $8.80 with strong volume
1H RSI showing bearish divergence
MACD bearish crossover on the 1H timeframe
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