LPT Plummeting Storm: Is it Time to Buy the Dip? Key Support Levels Reveal Rebound Signals! 🔥
Market Summary: LPT current price 7.403, 24-hour drop of 3.62%, trading volume sluggish (only 34% of historical average), technical indicators show oversold signs but trend is bearish. Short-term suggestion to buy lightly near 7.0, target 7.8, stop loss 6.85, risk-reward ratio 5.33. Risk: If it breaks below 6.85 or macroeconomic negativity occurs, it may continue to drop to 6.4.
Technical Analysis:
• Price Status: Bollinger Band position 27.8% (near lower band), indicating oversold; MA200 deviation -7.27% indicates a bearish market trend; holding cost deviation -6.27% shows most positions are in loss.
• Market Strength: Trading volume sluggish, major player activity weak; price decline accompanied by position reduction (24-hour OI down 7.02%), funding rate negative (-0.000099), smart money leaning bearish; no significant news disturbances.
• Key Levels: Support at liquidity zone 6.9 (buy orders aggregated 224k USDT) and Bollinger lower band 7.07; resistance at MA200 7.98. Buy-sell ratio 2.01x favors buying, but near-term sell orders (22.8k) slightly exceed buy orders (19.2k), need to be cautious of selling pressure.
Market Cycle Analysis: Currently in the mid-cycle consolidation phase of a bear market, positions continuously declining (7-day OI down 33.41%), capital outflow dominant, trend reversal requires a volume breakout above MA200.
Trading Strategy:
• Entry: 7.0 (aggressive traders can enter at current price 7.4 lightly, conservative wait for 7.0).
• Stop Loss: 6.85 (failure below liquidity support).
• Target: 7.8 (MA200 resistance).
• Risk-Reward Ratio: 5.33.
Risk Warning: Market risks include liquidity gaps (large sell orders above 14.0 pressing the market) or macro events; strategy failure condition is if the price drops below 6.85; in operations, position ≤2%, avoid low liquidity periods (such as early Asian session).
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