Guess $LPT is back in action! 🚀
📈 Current Price: $8.26 (+13.76%)
📊 RSI: 88+ → Clearly overbought, indicating strong bullish momentum but also hinting at a potential reversal soon.
🧠 Technical Observations:
24H High: $8.50 — We’re just one push away from hitting it again.
MACD just flipped bullish, and volume is backing the move.
MA(7) and MA(25) are rising steeply, showing a short-term trend reversal.
Strong support near $7.70 (last consolidation zone), with a clean breakout candle closing above.
📌 Note: RSI above 70 is usually a warning; above 85? We're in parabolic territory. It may test $8.50–$8.60 before the bulls get tired. Watch for a lower time frame bearish divergence as a sign of reversal.
🧵 Staying alert. Short-term scalpers might look for a wick play here. Mid-term traders: wait for a healthy retracement.