$LPT “Overheat Reversal” After Parabolic Spike.....
$LPT just printed a textbook parabolic run-up followed by a sharp upper wick rejection near 6.45. This kind of vertical extension often leads to a cool-down phase perfect timing for tactical shorts.
📉 Short Trade Setup
• Entry Zone: 6.28 – 6.34
• TP1: 5.95
• TP2: 5.68
• TP3: 5.40
• Stop Loss: Above 6.48
Market Insight: $LPT
The hourly chart is screaming buyer exhaustion. Consecutive large green candles gave way to a reversal wick, suggesting the top is likely in. RSI likely overheated, and smart money may be rotating out.#MarketRebound #NEWTBinanceHODLer #XSuperApp