$LPT
– BEARISH REVERSAL AFTER STRONG PUMP 🚨
The $LPT pair showed an aggressive upward spike but is now facing rejection near resistance, signalling a possible short-term bearish correction.
🔑 Key Levels
Support: $6.40
Resistance: $7.10
Current Price: $6.51
🎯 Trade Setup
Entry Zone (Short): $6.50 – $6.60 (current rejection zone)
Targets (TP):
TP1: $6.30
TP2: $6.10
Stop Loss (SL): $6.72 (above recent rejection high)
📊 Market Outlook After a sharp vertical rally, price failed to sustain above $7.00 and is forming lower highs. Unless it reclaims $6.80, the short-term trend favours sellers targeting deeper retracements.
⚠️ Risk Management Never risk more than 1-2% of your portfolio per trade. Stick to your SL strictly and secure partial profits at TP1 to lock gains systematically.
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buy and trade here on $LPT