๐ $LPT /USDT Technical Analysis (4H Chart)
๐ฐ Current Price: $7.702 (+1.46%)
๐ Moving Averages:
MA(7): $7.724
MA(25): $7.697
MA(99): $7.467
๐ Price is squeezed tightly between key MAs and at the wedge tip โ a high-volatility move is imminent.
๐ Falling Wedge Pattern:
The wedge structure has formed since the $14 spike โ and now, price is pushing against the upper trendline.
This is the 4th touch, and statistically, that often precedes a breakout.
If bulls flip $7.80 with volume, it could be a fast squeeze toward $8.40+.
๐ Current Setup Highlights:
Price is holding above MA(99), and MAs are flattening โ momentum shift likely.
Lower timeframe breakouts already visible โ 15M chart confirms wedge pressure.
Volume uptick will be the final trigger.
๐งฑ Key Levels:
Resistance: $7.80 โ $8.30 โ $8.85
Support: $7.50 โ $7.20 โ $6.80
๐ฏ Trade Idea:
Breakout entry: Above $7.80
Targets: $8.30 / $8.85
Stop-loss: Below $7.47 (MA99) or wedge lower boundary
โ ๏ธ DYOR โ Do Your Own Research.
This is not financial advice. Markets can be volatile โ always trade responsibly!