$LPT Long Liquidation at $6.296 — Bearish Breakdown

A $7.6K long got wiped out at $6.296, signaling heavy sell pressure.

Market Sentiment:

Bearish — longs are capitulating.

Price is breaking support zones with weak recovery.

Sellers are in control for now.

Next Move:

Wait or Sell on Bounces

Avoid fresh longs until signs of reversal appear.

Targets:

• Target 1: $6.00

• Target 2: $5.75

• Target 3: $5.30

Stop Loss (for shorts): $6.60

Resistance Level: $6.50

Summary:

$LPT is under pressure, and bulls are losing grip.

Unless it reclaims $6.50 quickly, the downtrend may continue.

Watch volume — a spike with no bounce could mean more pain ahead.

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