💥 $LPT USDT BEARISH PULLBACK AFTER STRONG REJECTION – SHORT OPPORTUNITY AHEAD 🔴
The recent sharp rejection from the $6.45 resistance zone has pushed $LPTUSDT back into a bearish pullback phase, currently trading at $5.85. Price failed to hold above the psychological $6.00 level, indicating weakness in momentum.
🔑 Key Levels:
Resistance: $6.45 (strong rejection point), $6.00 (minor resistance)
Support: $5.75 (near-term), $5.50 (major support zone)
Current Price: $5.85
📊 Trade Setup:
Entry: Short near $5.90 – $6.00
Targets (TP): First target $5.75, second target $5.60
Stop Loss (SL): $6.15 (above minor resistance)
🌐 Market Outlook: The overall trend remains bearish after a fake breakout spike failed to sustain above $6.40. Sellers are currently controlling momentum, and if $5.75 support breaks decisively, further downside towards $5.50 can be expected.
⚠️ Risk Management: Always trade with proper position sizing, risk max 1-2% per trade, and adjust stops to breakeven after partial targets are hit to protect capital.
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buy and trade here on $LPT