$LPT support level buy long, resistance level sell short, trading volume validates high success rate!
When LPT dropped to around 8.849, I had my fans buy long here because this is the lower edge of the previous consolidation area, and the MA7 moving average at 8.830 is also here, showing clear support.
During a key drop, the trading volume became smaller, indicating that selling pressure has diminished; this is the safest time to enter the market.
When LPT rebounded to around 13.476, I immediately told my fans to reverse and sell short here since this is the previous high point, the resistance level is strong, and the trading volume did not increase during the rebound, indicating that no one is chasing the rise.
Looking at the technical side, the 4-hour MACD shows a top divergence, and the RSI is also overbought, indicating that a correction is necessary.
Buy long at the support level, sell short at the resistance level, and then check the trading volume and indicators for validation; the success rate will naturally be high.
If you are unsure and always chase highs and sell lows, feel free to chat. Like + leave a message, Brother Hu will help you get on board.